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Spanish Property Set For A Sharp Correction This Year

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Spanish property developers predict house prices will cool down during 2006-2007, confirming the switch to a buyers’ market forecast for the current year, reports PropertyinSpain.net
The Association of Property Developers says prices for new homes should go down by
between five and ten percent in 2006
as construction slows and the entry level of the Spanish holiday homes market is hit by the lower prices of emerging destinations like Bulgaria, Dubai and Cyprus.
International property experts have said there will be a slowdown in economic growth during this year and 2007 combined with rising interest rates meaning profits from property sales are likely to fall. Leading online specialists, PropertyInSpain.Net welcomed the lower prices adding “this makes Spanish property even more affordable and able to retain its leading market position in international real estate.”
The article continues.........

Looks like HPC is now admitted by the VIs in Spain. Nothing ever lasts when its built of a faulty foundation, namely debt. And who has been fuelling Spanish HPI? We have! Could be the MEWers are trying to get out to shore things up at home?

Yet another sign of things to come. :lol:

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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