More Spanish Property Idiots

As we always say don’t believe everything you read in the press especially the bit I picked out below and he obviously isn’t referring to luxury property in Spain------------------------------------------------------------------------



The cost of a home in Spain may fall even further as it has not yet hit its lowest point.
In the view of property writer Marc Da-Silva, there is still a long way that prices in the country can fall before they hit their lowest point.
The total that prices still have left to fall could mean large reductions on some of the values being seen at present.
"If you look at various statistics there are real genuine signs that property prices need to fall further - 15 to 20 per cent on average," he said.
He stated that people who are purchasing in the country need to be sure that they are buying at the right price or they could be purchasing negative equity.
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This guy should have been out with us in Marbella this week where its getting harder and harder to find good quality discounted property especially luxury property in Spain