Re: Re: Costas – When will this market bottom?

#108296
Anonymous
Participant

@peterhun wrote:

That the banks will now start writing off their losses (because they can afford to, more than individuals) is very significant. Up to 60% off.

Negative equity to rise from 8% in 2010 to 25% this year.

The prices will fall till 10-15K Euros will buy a decent apartment in less disarable areas and 50K will buy a decent apartment in some desirable area. Same as in USA.