Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Press articles about the Spanish property situation › Re: Re: Press articles about the Spanish property situation
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.