Wednesday, November 28, 2007

Things Are Going 'Just Peachy'

Headline: The Spanish Holiday Property Market. Reports of its Demise (Apr 07) are Over-Exaggerated

Listening to and reading reports this week about the recent slump in Spanish Construction companies stock on the Spanish Stock Exchange and the imminent demise of the Spanish property sector instantly brought to mind the well known quote that I have used in the title. The British press and television coverage has been quick to link this correction to a crash in the property market for holiday property in the coastal areas, (Costa’s), and the dangers for UK citizens purchasing property in Spain. (Association of Multiple Listing Agents. Unsigned.

Headline: Spanish Property Report

Despite rumours to the contrary, the glowing embers of the troubled Spanish property market look set to flicker back into life with prices stabilising and likely to grow steadily in the future. It looks likely that the negative speculation within the Spanish property market has finally ended, with increasing numbers of Britons still heading out for a new life abroad. (Soltimes P 32 current issue: unsigned)

It looks to me like the loyalty of these publications is towards their clients and advertisers rather than the readers…


No comments: