Re: Re: Spanish property market in 2013

#116475

DBMarcos99
Participant

@Rocker wrote:

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.

You may be right..but…if the value of the Euro drops as a result of all this (and early indications are that it is doing) then goods, services and indeed property in the Eurozone become cheaper to outside buyers…

The funny thing is, property owners/buyers have far more cause to be worried by taxes, than by a possible hit on bank balances over 100k, which can be avoided.