Impending Spanish Collapse
May 19, 2012
As a Spaniard who grew up in the UK, I have a strong connection with the motherland. I go back frequently and hope to buy a flat in the centre of Madrid in the next few years. But not now. Prices have fallen around 25% in Madrid since the peak in 2007 and much more along the coasts. There are nearly a million empty properties in Spain and only around a quarter of a million buyers. Just the opposite of the UK, especially London, where […]
