Property markets all around the world are in a sorry state with prices falling and most buying property mostly as buy-to-rent. These properties are mainly being used as contingency plans to be used in the old age by most around the world so as that they have a fall-back-upon ready.
The state is the same in Europe as well. In Spain's Barcelona, the property sales turnover is almost 250% higher than it had been an year ago. The government here have been known to be wooing buyers from the overseas by offering a two-bedroom apartment at at throwaway price of 400 thousand pounds while the same in the heart of the town would cost about 543 thousand pounds.