REAL ESTATE COLLAPSE IN THE CANARY ISLANDS?
Have you heard about alleged real estate collapses in the Canary Islands? Some sources claim that there has been as much as a 2.9% decline. However, it is important to consider that shooting exaggerated figures, and even if they were true, a decline of less than 3 percent cannot be called a slump, but rather a downturn.
In reality, I observe that there is a greater willingness on the part of sellers to negotiate, which results in an increase in real estate transactions. This leads to faster and more beneficial economic deals for both parties involved. It is frustrating when people who are not real estate professionals pronounce on the industry, perhaps having other occupations in life.
I do not want to deny the existence of a crisis. In times of a global pandemic, only those who produce masks and vaccines seem to thrive. However, even during a crisis, there are always people selling and people buying. It would be interesting to hear opinions from experts in the field instead of showgirls or office-bearers.
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