Although there are still real estate agents and hold their breath, lower prices or attitude, do not stop to avoid crosstalk, and Nouriel Rubini, the Nobel Prize in Economics was awarded for his predictions the impact of subprime mortgages, real estate is entering a second drop and clearer that the responsibility for the crisis we face.
The reason? Slow economic growth, the duration of incentives for government’s home buyers and chaos caused by the domino effect of bad debts.
Added these three factors must be in Spain, the huge inventory of new homes waiting for buyers, but some would be approximately 700,000 units, according to others and have more than one million.
According to Roubini, the equation that the new crisis of the brick is explained very simply: “The offer is increased and decreased demand.”
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