Spanish Property Market 2014 : Prices May Fall By Another 15%

I am sorry to point this out be there were a numbers of serious errors in the last three comments.  The problem with living in Spain is that some of the Spanish temperment rubs off.  I speak of the widely used Spanish trait of Denial 

• Sadly there are 56% of the Spanish young unemployed ( Government Figures) The difference amounts to hundreds of thousands of Spanish frustrated young.
• Spain will always be attractive but just a note from Spanish history. During the time of the Conquistadors so much gold was taken from South America thet it lost it's value.  Gold was still attractive but it lost it's value because of oversupply,  Spanish property is reflecting the same effect.
• I live in Denia and I have to lament that the wishfull thinking that properties have not dropped by as much as 50% is not true.  The windows of the estate agents tells the true tail.  E.G 2 bedroom appartment second line pool etc etc under 90,000 Euros.

We can but hope!

Good post Juan Miguel! The figure of 56% of young people unemployed in any country is a national scandal bordering on criminal. The responsibility for this shameful statistic lies firmly with an uncaring, selfish government.

This government conducts its affairs in a most amateur and alarming manner. It refuses to recognise the massive problems that are building up in Spain and the dark clouds that are forming over Europe. It seems that they are reluctant to face the truth and wish to remain firmly rooted in the past, refusing to accept change. We read daily of new legislation being passed based on financial punishment for offenders, yet changes to encourage employment are ignored.

Clearly the new laws are designed to provide an income desperately needed as all the previous efforts to pull Spain out of the doldrums have failed. If a normal business runs out of money and has no asset or hope it can’t get funding and it dies. The government just raises taxes and increases fines to survive despite having no asset or hope of getting through the mess.

The only way that Spain can ever recover is to generate jobs, and fast - but the enshrined employment laws are so complicated, time consuming and costly, that they are a huge deterrent to any would be employers, resulting in an upward spiralling black economy.

One idea for a fast way forward is:

• Simplify the crazy business licensing system which is a huge deterrent especially to non-Spanish entrepreneurs.
• Strip back the ancient employment laws and reign in the ‘fines system’ for businesses.
• Give incentives to employers e.g. laws and systems will remain in place for 10 years without sudden change to suit the government’s predicament.
• Provide business with guarantees of financial safety in Spain.
• Reduce paperwork to a minimum.
• Encourage ‘foreigners’ to generate employment in Spain
• Set up training schools using retired qualified people to teach skills to young people and encourage self-employment.

Action is required by the devious leaders of Spain who care more about raising money for their own ‘purposes’ than they do about fixing Spain. If this current situation is allowed to remain then Spain will continue to degenerate as only the youth of this country can save it but without skills, money, security or experience how can this happen?