That’s fine mg, I picked up on it because I don’t think anyone really knows what’s happening with the market in Spain. I appreciate that properties are cheap enough to start selling again, but then we also hear that they might fall further which makes it risky, and, as others sometimes say ‘you can’t wait forever’ 🙄
My biggest fears for Spanish property are mainly threefold:
The huge oversupply, I’m unsure how and when this will really clear.
The excessive transaction costs.
Full legal title.
One thing’s for certain, and back to austerity, this could become a lost decade for most countries employing these measures and it still might not work. Today in Greece there’s more protests going on, it seems any of these countries’ populus could explode anytime 🙄