The pain in Spain continues to be plain

The Spanish property market has been hit harder than most & its recovery looks like being a long drawn out and painful process, as Spanish banks adopt a deluded approach & the country’s president seems slack on commercial drive.

Property prices in Spain are seen as artificially high as the Spanish banks hold values of repossessed property artificially high to ensure they don’t shoulder any loss, and it would appear individuals selling a property in Spain are doing the same. Meanwhile the market is suffering & some experts believe a bigger bite is coming.

Export & labour costs in the country are overblown as businesses struggle & the economy suffers in the process as the trade deficit expands.

The real estate market isn’t seen as being in freefall anymore but the disparity between over inflated values and what’s real makes for a painful market recovery for the country.

Many experts believe it is potential investors looking for property to buy in Spain who have a realistic expectation of market values and greater value for money will be the reward for the patient.