Advoco, hope you don’t think I’m cheerleading the Spanish or UK property markets, I’ve often said that I think Spanish property has all but died unless it’s a special location. I can’t stand Ward and Ptnrs in the UK either and their extended group stating ‘green shoots turning to full bloom’ when clearly that’s not the case.
Chris Mac and I don’t see eye to eye on Spanish property at all, my comment was that he’s the only one from the larger agents to come on here.
Oct 8th Telegraph paper compares Eurozone stats and says 49% of Spaniards are having difficulty meeting interest payments on mortgages and loans, far higher than any other Eurozone country. When they start defaulting, the Spanish Banks could start crumbling, and Spanish property prices will fall further. 😉