Re: Re: Let’s hear you guestimates, the Spanish property market.

#98200
peterhun
Participant

There is going to be five years or more of a dead market in Spain. It will require a recovery in the UK market first – with five years of increased interest payments heavy taxes and massive job losses to come before that happens.

The affordable figure I saw for Spanish couples is more like 80K euro’s and of course that would be local to well paying job when the Spanish economy is in a healthier state.

You have to take a very long term view with prices, the bottom won’t come now or next week or next year. It will come when people are no longer deluded about the real value of property and give up on it.