Living in Mallorca Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Living in Mallorca Forum

Living in Mallorca - my home of choice, is it yours?
 
HomeGalleryLatest imagesSearchRegisterLog in
Latest topics
» The Ups and Downs of Purchasing a Property
Spanish Property Crisis I_icon_minitimeWed Dec 28, 2022 11:33 pm by Ambl3r

» Greetings Mallorca
Spanish Property Crisis I_icon_minitimeTue Apr 30, 2013 10:52 pm by neilmccauley17

» Spain Local Guide Wanted
Spanish Property Crisis I_icon_minitimeFri Apr 26, 2013 2:47 am by bensh2

» Looking For Long Term Rental April - October 2013
Spanish Property Crisis I_icon_minitimeMon Apr 01, 2013 3:52 am by Admin

» Love Spain now becomes Love Mallorca
Spanish Property Crisis I_icon_minitimeWed Dec 26, 2012 7:32 am by Admin

» Love Mallorca Forum?
Spanish Property Crisis I_icon_minitimeSun Dec 02, 2012 10:58 pm by Admin

» Lack of Mallorca Forums
Spanish Property Crisis I_icon_minitimeFri Sep 07, 2012 7:33 am by Admin

» Return to Mallorca
Spanish Property Crisis I_icon_minitimeMon Apr 23, 2012 5:14 am by Admin

» "Che" Guevara
Spanish Property Crisis I_icon_minitimeThu Apr 12, 2012 5:08 am by Admin

Similar topics
Facebook Living in Mallorca
Favourite Links
Social bookmarking
Social bookmarking reddit      

Bookmark and share the address of Living in Mallorca Forum on your social bookmarking website
Navigation
 Portal
 Index
 Memberlist
 Profile
 FAQ
 Search
Visits

 

 Spanish Property Crisis

Go down 
AuthorMessage
Admin
Admin
Admin


Posts : 496
Join date : 2010-05-28
Age : 70
Location : Alcudia

Spanish Property Crisis Empty
PostSubject: Spanish Property Crisis   Spanish Property Crisis I_icon_minitimeWed Mar 02, 2011 1:13 am

There are millions of Spaniards trapped in debt with overpriced homes and high unemployment.

Spain’s property bubble has burst and many Spaniards have ended up feeling like losers after they took advantage of a mortgage in the boom of 2007.

Now they are working hard to pay for houses that are only worth half what they paid for them.

House prices have fallen 17% since 2007 according to the Bank of Spain and they predict that they may still have further to fall.

Analysts are stating that it could be as much as 20-30% as most figures are based on valuations rather than actual sale prices.

At this moment there are over a million of unsold properties in Spain and much tougher mortgage lending conditions.
Back to top Go down
http://www.lovespainforum.com
 
Spanish Property Crisis
Back to top 
Page 1 of 1
 Similar topics
-
» My Spanish Property Quest
» May 20th : Spanish Property Prices Falling Despite Market Growth
» The Ups and Downs of Purchasing a Property

Permissions in this forum:You cannot reply to topics in this forum
Living in Mallorca Forum :: LOVE SPAIN FORUMS :: Moving & Living in Spain-
Jump to: