The legendary American investor and co-founder of investment management company GMO Jeremy Grentem argues that the said market will inevitably expect a collapse, since it formed a bubble.
According to the Register of Property (Registro de Propiedad) Spain, the number of reported attacks on the transfer of ownership of residential buildings in the first quarter increased by 7% compared to the same period of 2009. This is the first increase in this indicator year on year over the past few years, writes Prian.
Now, while the euro is in our favor, and the sellers have not yet moved away from the crisis, you can take advantage of the situation and buy yourself square meters in the euro area.
Experts believe the rating agency, average housing prices in the country are understated by 12%. The agency does not preclude the further fall in the value of Irish housing.
By January 1, 2011 all the tenants of residential property in the emirate, have not paid bills for services provided by the municipality, will have to repay their debts.
Despite the adoption of the Spanish Government plan to reduce the budget agency Fitch on Friday lowered the country's sovereign credit rating from AAA to Aa +. The crisis in Spain is different from the situation in Greece: the problem of the country is not so much the national debt, how much unemployment and the mortgage market.
