Jump to content
House Price Crash Forum

"pain In Spain" By Wsj


LazyDay

Recommended Posts

0
HOLA441

Wall Street Journal today (Sep 4th):

"(Spain house)prices have now started falling - by 0.4% in Madrid in the second quarter, by 1.3% in Valladolid. This looks like the beggining of the trouble... Now the anecdotal evidence is of oversupply: of several hundred thousand homes and flats that are unlikely to be able to be sold without steep price cuts"

Link to comment
Share on other sites

1
HOLA442
2
HOLA443
Wall Street Journal today (Sep 4th):

"(Spain house)prices have now started falling - by 0.4% in Madrid in the second quarter, by 1.3% in Valladolid. This looks like the beggining of the trouble... Now the anecdotal evidence is of oversupply: of several hundred thousand homes and flats that are unlikely to be able to be sold without steep price cuts"

The best of it is that the ECB isn't going to bail them out because of the state of the german ecconomy ramping up. awesome. Smell it burning. Watchin' it burning and not lifting a finger to help.

Net result, the german will probably own spain!

Link to comment
Share on other sites

3
HOLA444
Wall Street Journal today (Sep 4th):

"(Spain house)prices have now started falling - by 0.4% in Madrid in the second quarter, by 1.3% in Valladolid. This looks like the beggining of the trouble... Now the anecdotal evidence is of oversupply: of several hundred thousand homes and flats that are unlikely to be able to be sold without steep price cuts"

it will be interesting to see the price trends all along the coast as that is where the over-supply is, and presumably the most foreign investment.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information