Give me some opinions on the Spanish housing market, more specifically who has experience with Spanish real estate or European real estate in general?
Much like the US, I'd imagine the European market in general, and the Spanish market specifically are going to be hugely variable. There's a huge difference between New York and San Francisco vs Pocatello and Des Moines. Spain/Europe are no different.
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Linda is bang correct. Spain is a big country with very different property markets from city to city and region to region. The global financial crisis has hit the native property market quite differently than the holiday home market which dominates the costal regions.
If you want proper analysis you need to look at local publications, English language versions will be very Costa-sentric and will provide a pretty narrow view, 50% of the property in Spain is bought and sold by Spaniards but foreigners of various nationalities all profess to be experts in the country as a whole. Which is quite impossible.
The Spanish market is fragmented by region and city and also opinion is fragmented because SO many nationalities have a vested interest in telling things from their standpoint
I agree with some of your views above, however, I have lived and worked in Spain since 1974, 30 years of that in real estate, so I think I can see it from both sides i.e. as an English ex-pat settling in a foreign country and from the Spanish point of view as well. The Spaniards do indeed buy their homes, in fact, many have second homes as well on the coast. But here's a fact for you... over 1M homes are owned in Spain by the British, then there's the Germans, the French, the Swedes, the Dutch and a long etcetera, so they can't all be wrong!
All the best
So interesting to see that you are in Malaga. As a child, I lived right up the road from you in Fuengirola for a year and in Mijas for another 3 months. I haven't been back since then because I want to preserve the sleepy little town in my mind. My parents went back about 10 years ago and tried to show me pictures of all the changes and I refused to look at them.
One of my favorite memories is going to the feria in Malaga and the doll vendors shouting MUNECAS MALAGAS! through their loud speakers.
Nice to hear from you! Well, Fuengirola has grown a little since then... Perhaps it's better that you remember the town as it was. But then again, nearly all of the Costa del Sol has obviously changed a lot. That's why Nerja is still a lovely place as there has been a limit since the seventies on building height - the maxiumin is 3 storeys. And the Feria de Malaga, yes it's a great week of festivities!
All the best