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overtheedge
Member since May 2012
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S&P Predicts 20% Drop in Spain's Housing Prices Over Next 4 Years; Bad Bank to Dump Distressed Prope - Mish - Global Economic Analysis

"... anticipates that home prices will fall 20% over the next four years."

Now factor in the Euro inflation rate of perhaps 2.6% compounded over 4 years and we can guessimate another 10-15% loss in actual purchasing power for roughly a 30-35% discount. Just wait 4 years a for a 1/3rd off sale.

If nothing goes wrong.

Commented 4214 days ago

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Beginning of the headline :Spain's "bad bank", Sareb to speed up distressed property sales in an ambitious new timetable for liquidation. The bad bank is hoping to sell almost 42,000 housing units in the next five years. This is about half of the properties in its €50 billion (£42.5 billion approximately) portfolio. However, falling house prices and a desire among buyers for modern properties in prime locations could hamper these plans for swift sale. Already the value of assets is being slashed by Sareb to clear thei... Read More

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