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The Rain in Spain...Stays Around for Real Estate
10 April 2010

It's a lyric in the musical My Fair Lady, and the words are “The rain in Spain stays mainly in the plain.” From 1997 to 2004, property prices in Spain rose around 173%. It was a sunny time for real estate investors, building trades, and the economy as a whole. But, today's picture is very different. It's raining, and the rain isn't staying put “in the plain.” Real estate is depressed just about everywhere in the country, and the effects ripple through the economy. Talking recently to Rad...

Posted By : Holprop
 
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