Plunging prices cause pain in Spain and trap desperate Brits

“Repossessions loom as the once buoyant homes market goes into freefall, writes Laura Latham.”

With prices dropping by as much as 60 per cent in some areas and properties still not selling, Rix is seeing people who are facing repossession on a daily basis - a situation which she claims is unprecedented in Spain. ‘Spanish banks aren’t getting their act together on repossessions. It can take up to two years to reclaim a property. Then they don’t know what to do with it, so there’s currently a real backlog of homes waiting to be sold.”

Malgré la baisse de 60 %, les biens immobiliers ne se vendent pas en Espagne.

Les Anglais ont fait flamber les prix, et manqué de jugeotte. Ils n’ont pas pris en compte les salaires européens avant de surpayer leurs “fincas”.

Source : The Guardian, Plunging prices cause pain in Spain and trap desperate Brits abroad

4 Responses to “Plunging prices cause pain in Spain and trap desperate Brits”

  1. On a arreté de façon assez nette construire en Espagne

    Les associations ecolos ont réussi à bloquer bcp de projets sur lelittoral.

  2. C’et très intéressant. Pouvez-vous en dire plus sur l’arrêt des constructions le long du littoral epagnol ?

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  4. Thank you !

    It’s only a ” Phoenix-Remix” ;-)

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