How long do you think the global economic downturn will last?

[marx3bull]

My personal opinion is this economic downturn will last for maximum two years. As all countries are taking steps to recover the loss this crisis will not stay long. Moreover the recovery has already seen in many countries.

[colombiacommercial]

I think it will take 1-2 years.Now the things are coming on track.More or less it will depends on the economic conditions in US.

[rowlandsbb]

Well it now seems that in some countries we are seeing the start of the recovery Uk seems to be the first in and heading for the last out
In property terms the general view is that UK market has turned in good locations
In Spain the good deals like CAM Bank repossessions at 30% discount & 80% LTV mtges, and other banks,are helping the market along and with these terms attracting the non resident buyers again

Overal Spain is expected to be flat for 2010 and then a slow improvement in sales for 2011...next boom starting say 2015/18

So for life style buyers and even investort / dealers there are some very good buys about, if you go to Spain to look

[Lysos]

The bottom line is that no-one has a clue !. The so called experts & analysts didn't foresee the global recession, and they can no more predict a recovery either.

As for UK - we don't actually produce anything anymore. The only sector that is profitable is the City; large areas of the country are dependent on taxpayer support i.e. more than 60% of jobs in those areas are public sector - largely unproductive & non essential. Whoever wins the next election will be taking the axe to these areas.

[Dan Yurdiga]

We will recover soon. Just as improving our field of specialization.