Well its been a tough couple of months here in Spain, as it appears that we are going through a mini recession, most probably due to the economic situation in the UK and the U.S.

Real estate companies have seen a huge drop in demand for properties on the Coast although there does seem to be some demand still for rural inland spanish property as there are some real bargains to be had especially if you don’t mind some renovation work.

A lot of Brits are leaving Spain to head back to the UK but the situation there does not seem much better.

Personally I think these things generally run their course. There are peaks and troughs not only in the economies of the world but also in life in general.

So if you are a Brit living in Spain keep your chin up as things will pick up.

This entry was posted on Friday, May 16th, 2008 at 7:18 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.