Daily Archives: October 28, 2010

Extended crisis: fall in mortgages and more repossessions

The country will not recover from the property crisis in 2011 and certainly not until 2012 or 2013 at the earliest. Moreover, some pessimists like the IMF, forecast a long period of crisis up to 8 more years. The latest data does not give room for hope. The mortgage market is getting tighter and tighter in Spain. The rate has dropped in 4 consecutive months since May 2010 compared with the same