Economists do it with models. Mental models. Mental models that fall to pieces the moment they are faced with the cold light of reality. - Me
Cheers for the link, good article. There was a sense that things are at the bottom overt there and some places like Barcelona are slowly turning the corner.There is still a disconnect as to what people are asking for properties and what they are actually worth (Stickyness in the price). Lots of people got fucked for sure especially Brits that went over and bought a Finca or old Casa. Plenty of them everywhere and they are all trying to rent them out or cash flow the properties.One thing that holds Spain back is the red tape and navigating the bureaucratic system.