Wednesday, March 07, 2007

Spanish property market review & forecast

For anyone considering buying (or selling) in Spain, read Mark Stucklin's great report on the current state of the Spanish property market.

Comparing stats and garnering opinions he points to a buyers market where vendors need to adjust their price expectations and where a clear oversupply of product will further the current price stagnation.

No huge crash though:

Based on the Spanish government’s figures, it looks like the Spanish
property market is on course for a soft landing, in which property prices will
rise in line with general inflation.

Rather than me misquote him, read the full report here. It is well worth it.

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