[quote=jpinpb]I think 600k is still high, but they’re getting it for now. However, I’ve been posting NODs in Barcelona and the prices are starting to come down in that community. I imagine eventually it will spread to Madrid and then to Valencia.
I think the area is very nice. I’ve always liked that particular area. The train is no big deal and the freeway noise is not too bad, I don’t think.
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What do you think the approximate bottom would be for Madrid/Barcelona? I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’. That would mean mid 400Ks and I don’t see it happening, unless we have a steady decline for years….20% off from the current prices, could it happen in La Jolla Colony? BTW,Barcelona are detached though, while Madrid are townhomes/attached. Albeit I preferred Madrid vs Barcelona even at the same price/rent.
