Spanish market reaches maturity after stock exchange 'scare'
3rd May 2007
By Daniel R Talavera
The Spanish property market has always been in the eye of the storm, both for good and bad reasons. Last Tuesday, the speculation which has shaped the market over the last few years finally ended in capital losses, thus heightening fears that the Spanish property boom is coming to a grim end.
Last week's events, however, have nothing to do with the underlying reality: the Spanish market is currently in the maturity stage, in which the housing offer decelerates whilst demand continues to grow. This maturity process marginalises the speculative phenomenon, which was slapped by significant stock exchange losses, and signals the beginning of the property market's landing after a number of buoyant years.
The Losses
The sharp fall of the Valencia company Astroc in mid-April set alarm bells ringing about a property market crash. Though this fall also affected other companies within the sector, with stock exchange interest rates recording average losses of 2.5% to 2.8%, the scare had a favourable effect on the rest of the sector. This was Tuesday. On Wednesday, the stock exchange closed with a gain of 0.29%, which resulted in the affected companies plummeting further into crisis, whilst fears heightened for the rest.
To view the rest of this article - and thousands like it - become a Gold member today...
The page you are attempting to view is only available to Gold Members
Sorry, you cannot access the page requested as this is for Gold Members only but you can upgrade to our full Membership and gain entry to all our webpages, videos, downloads & products for as little as £11.99 per month or at our lowest price £99.99 for the year!
Just click here to Go Gold Today!
With brand new eBooks and spreadsheet software as well as existing downloadable favourites and full website roaming including video footage and our monthly Gold Members PDF Magazine - Gold Membership will also ensure you have first say on all our latest property investment opportunities with new deals sent exclusively to your inbox prior to website launch. This puts you in the driving seat and one step ahead as you aim to build your portfolio!
Add to that our latest incentive offers you a FREE monthly magazine - delivered to your doorstep direct!
Your Property Network Magazine - RRP £4.95 per issue will be delivered to your door once every four weeks for every month of your Property Secrets Gold Membership - 100% FREE OF CHARGE - No clause!!
So Join today and get full website access and all our fantastic offers - for more information or to subscribe now just click here
Here's what you will get!
- Ask an Expert Support - online access to all our experts, ask unlimited questions to our Mortgage Brokers, Tax Advisors, Currency Specialists, Overseas Agents and much more...
- Exclusive Deals - brand new property opportunities emailed directly to you as soon as they arrive - prior to website launch.
- PSonProperty - exclusive content from Alan Forsyth and the team on buying investment property in the UK & Overseas.
- Property Auction News - new listings and top hints from Peter Parfait's famous subscription only magazine Property Auction News.
- Videos - exclusive viewing including partner videos and live feeds with access to eight Property Secrets tv channels.
- Downloads - full spreadsheet software including buy to let calculators, property indexes, mortgage calculators and more...
- Gold Magazine - our monthly newsletter highlights news articles, up coming events, latest deals and exclusive offers to all our full members.
- Expert written eBooks & Guides - worth well over £250 - these fully downloadable eBooks cover a wide range of subjects from property renovation & auction property to buy to let strategy and buying overseas.
- Free YPN subscription - A hard copy of Your Property Network Magazine delivered to your doorstep every four weeks of your Gold Membership.
All the above and much more - bringing you more than ever before for your Gold Membership!!
Just click here for our various membership offers including monthly, quarterly, semiannually and yearly products!
