Re: Re: Press articles about the Spanish property situation

#108939
Anonymous
Participant

@mark wrote:

http://www.thisismoney.co.uk/money/mortgageshome/article-2148335/Fleeing-Costa-catastrophe-Thousands-hand-villa-keys-Spains-economy-teeters.html

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.