Monday, April 4, 2011

Vacation vacation vacation

Spain's property crash casts a long shadow over a place in the sun

Spanish prices have fallen much further than this index suggests ... If you want to know what's going on in the residential property market, a much more revealing figure is the collapse in planning approvals, down by 90% since 2006".

Posted by happy mondays @ 09:27 AM (1667 views)
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3 thoughts on “Vacation vacation vacation

  • says spanish banks have been holding onto repos as assets but must sell after 2 years

    wonder if uk banks are doing the same?

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  • happy mondays says:

    Spain is deleted from my list of places to move to, for time being! Hasta luega

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  • stillthinking says:

    If price changes occur due to marginal changes in demand, then given a million excess supply they are looking at houses worth nothing.

    Maybe some of us should head over.

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