Spanish economy, a 'perfect storm' (with EU bailout likely)

Spanish economy, a ‘perfect storm’ (with EU bailout likely)

I am mildly surprised as to why anyone still seriously questions whether Spain will need a bailout from the EU. Why? Because the Spanish economy is in very, very deep trouble.  That may seem an obvious statement but I fear the sheer, almost unresolvable, structural problem of the economy in Spain is not fully understood by many people, despite it [...]

Spain 2011 and predictions for Spain 2012 – a summary!

Spain 2011 and predictions for Spain 2012 – a summary!

So, 2011 gradually ebbs away – a year that many people in Spain will be pleased to see disappear, hoping that 2012 will herald better times ahead.  Unfortunately, I fear that may not be the case and there are compelling arguments to suggest that 2012 may be more difficult and challenging for Spain than 2011. So, how does one round [...]

THE SPANISH PROPERTY MARKET – WHAT NOW?

THE SPANISH PROPERTY MARKET – WHAT NOW?

Recently an influential annual report was published by Acuna & Asociados who are highly regarded Madrid real estate analysts. Their report makes depressive reading given that they do not think the Spanish property market will recover for several years. Indeed, at current rates of demand (around 200,000 properties per year) it may take some six to seven years to clear [...]