Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › Where are all the 70pc discounts and bargains from banks? › Re: Re: Where are all the 70pc discounts and bargains from banks
The main problem for the Spanish property market in the coastal areas is the market had crashed before the economic crisis. On the CDS the market started to dip in 2004. At first only slowly, by 2006 it was worse although no-one in the business was admitting it. Asking prices were still unrealistically high but properties weren’t selling and many Agents were closing down. It suits Spain to blame everyone else in the world for their woes when it ruined it all by themselves.