Seeking Alpha

peterthepainter » Comments » BBVA

  • Spain Crumbles [View article]
    just spent 3 weeks in the portugese algarve...lagos

    my estimate is beach bars emptier say - 20% +?

    some new-build on hold...

    some mothballed properties...

    far too many new apartments...

    very difficult to sell second hand...

    great reluctance to sell at reduced prices...

    the euro has made the algarve expensive...

    along with ridiculous 10% buying costs!
    Aug 27 11:29 am |Rating: 0 0 |Link to Comment
More on BBVA by peterthepainter
Comments by Ticker
peterthepainter's
Comments Stats
186 comments
Rating: 167 (289 - 122 )