The crisis in the real estate sectr in Spain has arrived. The truth is that prices are not dropping they are readjusting. What does it mean?. For example, an apartment that was bought 15 years ago for 80.000€ last year was for sale for 250.000€ (let say it has 2 beds, near beach and garage). The owners are willing to sale it in 2007 for 200.000€. Thay still make a profit, and it is good investment opportunity as the prices will keep on rising but 4% per year instead of 12%.
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