Speaking to a Spanish property expert at ground level, a successful estate agent with his feet firmly on Spanish soil, he predicts a 30% decline in property values this year.
He neither takes on over-priced properties nor repossessions, but he has taken on an extra Scandinavian speaker because of the demand from that part of the world. His Mandarin lady is quite busy too, on the commercial side.
..your expert friend is probably right…there are a lot of buyers who do need to reduce the price of their property. I must say, the area my property is based in, I have actually seen properties for sale at the same prices I was seeing in 2007! So there certainly are a lot of stubborn sellers out there, these are the sellers who are slowing things down after all…