Re: Re: Spanish property market in 2013


Any optimistic assessment of the Spanish property market has just been shot to pieces by the events in Cyprus.

The signs of recovery in Spain came from foreign buyers/investors, Russians, Scandinavians and Brits among them. Those investors have just suffered heavy losses in Cyprus and most people think of the Mediterranean countries en masse, with Spain heading the list.

I have to sadly conclude that the chances of recovery this year are highly unlikely.