Re: Re: 10 Reasons Not To Buy A Property In Spain

#110286
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I will ignore the childish name calling and persevere. 🙁

If your point is the value of property in Spain will crash to being worthless you are wrong. Everything has a value which is usually set by the market. Economic activity in Europe will not stop, commodities such as property will always have a net worth.

At the moment there is little market activity so values are uncertain. A property is worth what someone will pay and what someone will sell for. €90k for the apartment you posted seems about right to me. The fact that the seller would probably not agree to it is irrelevant it just won’t sell.

I agree the market has some way yet to fall before it stabilises. It will then stagnate (stay the same) alongside world economies for a decade until the upturn eventually arrives.