La crisis sigue igual
“El mercado inmobiliario continuará tambaleándose” [ .. ] “No está claro que el gobierno inspire o pueda restaurar la confianza” [ .. ] “La economía crecerá mucho menos de lo previsto” [ .. ] “Comprar una casa será algo inabordable para muchos españoles”.
[ .. ]
International Herald Tribune, 25 marzo 08:
[ .. ] “Property markets, like the economy overall in Spain, will stay shaky for some time to come, and that would have been true no matter which party won.
Promoters and developers have for too long called the shots and a massive oversupply of housing has been one unfortunate result. Dependence on construction as the “motor” of the economy has been another. But coupled with that, since the Socialists under Rodriguez Zapatero must now do deals with Catalan Nationalists and political groups even further to the left to govern, the needed strong measures to tackle key economic issues will be subject to negotiation, and may well be compromised. Property markets will follow suit. There is no doubt that housing has become unaffordable for most Spaniards entering the market, just as there are over three million unoccupied dwellings held by speculators.
If and when these units come on the market, the bottom will be a long way down. The government has promised to encourage these excess dwellings and new “social” housing to become available, and if it can deliver, this should push market prices lower.
Unfortunately, I don’t see that the reelected government in Madrid will have the confidence to introduce the needed measures to restore the all-time low consumer confidence level, or the economy, let alone the property market soon.” [With Zapatero reelected, what now for Spain’s property markets?].
El País, 25 marzo 08. Previsiones económicas: El crecimiento más bajo desde el 2002.
- Economía en este Infierno.
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