Re: Re: Spanish property market 2008: soft landing or train wrec

#98616

peterhun
Participant

@jp1 wrote:

https://www.spanishpropertyinsight.com/forums/viewtopic.php?f=2&t=2781

Well for me my UK property is to all intents and purposes the same value as it’s peak in 2007 and would sell pretty quick if I marketed it.

Looks like Spain and UK in the end were very, very different

The UK is screwed in my opinion. The only reason that house prices didn’t continue their collapse is that there was an election on and Labour printed £200billion in stimulus money to keep themselves in power. This is excluding the skeletons in the cupboard/minefield that the coalition has inherited. If you have any intention to sell up and move out of the UK in the near future, do it now. We are on a long, slow path to lower house prices and economic depression, if you remember the last crash,its going to be worse.