posted on May, 8 2012 @ 07:47 AM
reply to post by surrealist
What i know is that Spain has a housing bust, as well as Ireland, they, as well as the country i live in (the Netherlands) had many years of fast
In 1995 i bought a house myself for fl79.000.- (€35000) and sold in in 2005 for €95000.
The prices have almost tripled here in the Netherlands.
A small group, mainly the buyers who bought in 2006 and later are having problems.
The market here in the netherlands has stalled, most are unable to buy, and certainly the buyers between 2006 and now are unable to sell because it
would mean that they remain with a percentage of debt as their house is worth less now compared to the height of their mortgage, so they stay where
Germany has no problem, france neither, although there has been a doubling in home prices in france, they seem to do well.
Prices dropped a little in france, but they are rising again slowly since 2010.
This gives me the reason to thing that Europe will not experience the same.