Re: Re: Spain bouncing back as always…


@angie wrote:

I’ve pointed out several times before would they agree or not the point I’ve tried making that once the buyer has bought, the property would need to rise in price 20 maybe 25% to break even should they try and sell and if so, how long would they expect that to take.

An excellent point Angie and one I have also mentioned before. The logically market conclusion to the answer is that property in Spain needs to reduce across the board by this minimum amount before the market remotely looks attractive. My personal estimate is 30-35%. Even with that kind of reduction the prospect of capital growth within 5 years is marginal. Rather like having your cash on deposit right now. At least that has less risk or hassle.