Sunday, April 29, 2007
Bullish article about Spanish property
The pain in Spain is mainly on the wane
This is by the Economics Editor of The Sunday Telegraph
The Daily Telegraph normally is much more bearish than this
No mention at all about falling rental rates by 25% - Surely this fact alone will cause fly-to-letters to sell up.
Posted by sold 2 rent 1 @ 10:27 AM (563 views)
2 thoughts on “Bullish article about Spanish property”
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sold 2 rent 1 says:
Quote
“Spain’s economy grew by 4 per cent last year. A less frothy housing market will reduce GDP growth to 3.5 per cent, or perhaps slightly less. But that should be a source of relief, rather than concern.”
Every HPC counter argument is based on economic conditions still very good.
We only have good economic conditions because the growing money supply (avove 10%) has created record profits and record debts.
enuii says:
What is the chap expected to say on a Sunday when the Telegraph is full of places in the sun type property adverts!