Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Let’s hear you guestimates, the Spanish property market… › Re: Re: Let’s hear you guestimates, the Spanish property market.
For private and personal reasons I need to keep an eye on the Spanish property market and I read all there is to read and regularly contact estate agents and banks, and anyone else who knows about the market.
Nobody, and I mean nobody, knows where it is going, but the general consensus is that it will fall further. I read only minutes ago that English property prices have risen by 7.5 percent over the past year, which surprised and pleased me, but the two markets can’t be compared, for a myriad of reasons, membership of the Eurozone being the obvious one.
Unless my hand is forced, I will not be selling in Spain at this time, and I wouldn’t dream of buying here for the foreseeable future. I would estimate that prices have fallen by 40% over the past two years and the only green shoots that I can see are in my garden, and they’re weeds.