Property in Spain/Tenerife

There is a general view by economists that there won't be any global meltdown in 2008. The problems in the US particularly, including the sub prime mortgages, high oil prices and a weakening dollar are unlikely to be potent enough to overwhelm the golobal economy. Outside of the financial sector, the US economy is generally healthy.

For 2008 then, generally, we can expect les volatility, less increases in interest rates with Asia providing the main economic impetus. China has now apparently overtaken Germany as the world's third largest economy after the US and Japan.

Therefore, we don't feel that there is any reason to panic, especially in the property sector in Tenerife and in the tourist areas of Spain . Now is the era of opportunity!!
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