Spanish health resort real estates are to break down

[Steven]

The price for real estate in the Spanish Mediterranean sea cost in October got reduced by 8.9% as against the same period in the previous year.

The sea cost area is dominated by second-hand dwells, which usually endures difficult times during economic recessions. Besides, the seaside real estates suffers from Euro's strengthening, which makes it more diffuclt an investor from, let's say, UK to buy a house in the Spanish seaside region.

These news could bring the Spanish seaside real estate market to a real shock, since it stably used to grow over.
This market is still alive due to Euro's depreciation.

[Andrewz]

I personally see this news as a good one. Just Imagine, due to falling prices, many ordinary people will have the possibility to buy real estate in the region, which is really great. What do you think?

[M.Helen]

Actually this concerns not only Spanish resort real estate, this concerns all real estate allover Europe, except maybe real estates near famous places like stadiums, formula 1 tracks etc.