Spanish property crashed by almost 55%
Jan 8th 2011, 4:43 pm
#1
Love Machine
Thread Starter
Joined: Jun 2010
Posts: 150
Spanish property crashed by almost 55%
Prices are falling faster than shit through a goose.
It seems like carnage. Many people struggling to pay mortgage / rent
It seems like carnage. Many people struggling to pay mortgage / rent
Jan 8th 2011, 4:55 pm
#3
Love Machine
Thread Starter
Joined: Jun 2010
Posts: 150
Re: Spanish property crashed by almost 55%
Jan 8th 2011, 4:57 pm
#4
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Spanish property crashed by almost 55%
Jan 8th 2011, 5:19 pm
#7
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Spanish property crashed by almost 55%
Yes ... yes I'm sure .... however the British press have a habit of honing in on Spain, they come here regularly asking for our worst nightmares and horror stories so they can go away and sensationally tell the world.
Jan 8th 2011, 5:22 pm
#8
squeaky clean
Joined: Mar 2010
Location: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Posts: 1,576
Re: Spanish property crashed by almost 55%
Jan 8th 2011, 5:35 pm
#9
Banned
Joined: Feb 2008
Location: Vejer de la Fra., Cadiz
Posts: 7,653
Re: Spanish property crashed by almost 55%
It actually says "Reports on Spain's ailing housing market show sales volumes are down almost 50% since the summer "
Well, call me cynical, but would anyone be surprised that sales this summer were low, given everything that is going on? Plus, is anyone surprised that there isn't a stampede to buy? Or that sales are still down given the silly prices some are still asking?
The general opinion on here seems to be that property here is by and large over priced, that the market is yet to bottom, the huge bulk of property that is standing unsold was built for the tourist market, and there just aren't tourists wandering round with wads of cash any more, are there?
To me this thread smacks of someone wanting to post a sensationalist, depressing thread and getting some sort of a thrill out of it.
Me, I shan't be slitting my wrists just yet.
Well, call me cynical, but would anyone be surprised that sales this summer were low, given everything that is going on? Plus, is anyone surprised that there isn't a stampede to buy? Or that sales are still down given the silly prices some are still asking?
The general opinion on here seems to be that property here is by and large over priced, that the market is yet to bottom, the huge bulk of property that is standing unsold was built for the tourist market, and there just aren't tourists wandering round with wads of cash any more, are there?
To me this thread smacks of someone wanting to post a sensationalist, depressing thread and getting some sort of a thrill out of it.
Me, I shan't be slitting my wrists just yet.
Jan 8th 2011, 5:36 pm
#10
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,624
Re: Spanish property crashed by almost 55%
[QUOTE=jojojojojo;9086766]Whats that expression "Good news is no news"
Yes it's either that or the British press will just make it up, what's changed property is and always has been worth what someone will pay for
Yes it's either that or the British press will just make it up, what's changed property is and always has been worth what someone will pay for
Jan 8th 2011, 6:06 pm
#11
Lost in BE Cyberspace
Joined: Jan 2009
Posts: 5,368
Re: Spanish property crashed by almost 55%
So what would you recommend we read for an in depth, honest, unbiased report? El País, ABC, El Mundo perhaps? What would you dispute about the article, which bits are clearly not true? The million and a half properties for sale, the 23,600 property sector companies that have gone bust? It's easy to slag off a paper, have you have more accurate info to give us? Perhaps it's all lies, and the situation there is very different from the report, everything is rosy. You seem to have a persecution complex, the whole British press is out to rubbish Spain.
Jan 8th 2011, 6:48 pm
#12
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Spanish property crashed by almost 55%
So what would you recommend we read for an in depth, honest, unbiased report? El País, ABC, El Mundo perhaps? What would you dispute about the article, which bits are clearly not true? The million and a half properties for sale, the 23,600 property sector companies that have gone bust? It's easy to slag off a paper, have you have more accurate info to give us? Perhaps it's all lies, and the situation there is very different from the report, everything is rosy. You seem to have a persecution complex, the whole British press is out to rubbish Spain.
Where did I slag off a paper
I dont have a persecution complex at all, sorry to disappoint you
Jan 8th 2011, 7:46 pm
#14
Just Joined
Joined: Sep 2010
Posts: 2
Re: Spanish property crashed by almost 55%
Dont start on me my friend like you do on some people here, you wont get very far