Re: Re: Can the press successfully sell a “bottom”?

#98653

Anonymous
Participant

@chris McCarthy wrote:

It isn’t just a Spanish property issue. It is about disposable income and a general inclination to spend not hoard.

What you say was true for the last 10 years.

Not anymore. People will have much less disposablke income.

Read Telegraph article which implied that the middle class families will be £3000/year off due to tax increases. Combine this with future interest rate increases which will raise the mortgage rates.

People will be much less adventurous or will be forced to be much less adventurous by the lack of liquidity.

OK, there will be people moving to Spain and will me billionaire who do not care about price oscillations but the holiday home market will be dead unless prices come down everywhere around the Mediteranean Sea.