20 May 2012 10:31 AM:
To those who are considering buying property at this time in Spain - DO NOT.
Here in Ireland so called experts have been proclaiming year after year - since 2008/9 - property prices have bottomed out.
They were wrong. Property prices are still falling. Houses have dropped by 50% approx and apartments by 65% approx from their height in 2007.
Yes, we must be near the bottom - but this phrase has been used so often during the last 4/5 years one cannot be sure.
Now, do any of you out there believe Spanish property prices have bottomed out?
Or, with regard to property prices falling more or not, is Spain different to Ireland?
I don't.
Seamus
P.S. Spain and Ireland will still have one thing in common in the years ahead - both countries will remain in the Euro.
Thread:
The future for ex pats
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