Re: Re: Press articles about the Spanish property situation


@mark wrote:

It seems that we are now at the next stage. The first stage was when people who bought in Spain at the highest peak 2005-2007 lost loads of money. Now people who bought after the boom i.e. between 2002-2005 are also losing money.

The next step is when people who bought during the boom i.e. between 1997-2002 are going to lose money.

People who paid deposits between 2002-2005 and lost them could consider themselves fortunate as the £20000-£30000 loss could have been easily a £100000 loss.