Re: Re: Just back from Costa de la Luz – Property prices



@jays wrote:

No sign of any distress selling!!.

I don’t think we are seeing huge amounts of distressed selling on the CdS, it is the main reason imho why we haven’t had a huge crash but a softer landing so far, although this could change when the constructio industry starts to contract. So far most households are not under too much pressure to sell, as although there have been interest rate rises they haven’t been as bad as when the market crashed in the UK in the late 80s/early 90s. A recent report by Fitch Ratings said that Spain was ranked 13th of 16 in household debt vulnerability.