The Spanish property market has reached a crossroads after its decade-long boom. The signals coming from the market are mixed, and the question as to what will happen next has been a popular topic in the Spanish and international press during June.
First of all, some myths to dismiss. The market has not crashed, and articles in the British press in April and May announcing the end of the Spanish property market were premature, to say the least. Far from hitting a wall, the Spanish economy notched up 4% growth in the first quarter, and the Madrid stock market hit new highs in June.
