OK - possibly quite important and something that I think everone should take note of.
Obviously, during the boom, there were investors who bought for short term gain, especially off-plan, and this basically is what is thought to have fuelled the boom in the first place.
On the other hand there where, and still are, lots of buyers who bought because Spain was where they wanted to live or wanted a second home.
People come and go. They more from one area (or country) to another for many different reasons. Lots of people come to Spain (not only from the UK) and after a while they go back or move on. Very often they leave because circumstances worked against them, sometimes they leave for family reasons, they have to sell because they could not afford a second home in the first place or their luck just ran out.
Whatever, how many of them say that the whole idea was a mistake? To my best knowledge, very few indeed!
Now that the "silly season is over" we should all get back to thinking how it was before and readjust our focus accordingly.
We should tell our clients, that if they are looking for a get-rich-quick investments, better to to look elsewhere.
On the other hand if their objective is a secure long-term investment, with reasonable appreciation in a stable, very civilised country then Spain can provide all that plus whatever lifestyle the chose to make for themselves.
That was how it all started and that is the only positive way forward.
Bursting bubbles, soft landings, price adjustments, demolitions, corrupt loacal government officials in jail, repossesions etc - are simply the price to be paid for big, big mistakes.
It won't be easy by any means but the sooner we can put all that behind us and get on with the job again, the sooner it will all be forgotten.
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