argusmoon, I think it depends more when than where..
Spanish culture is undergoing massive changes, not least because a generation of not-so-catholics is growing up and they're moving out earlier, and they're buying home rather than renting.
For reasons that elude me, the Spaniards have been jumping on the property bandwagon like no other people in Europe, at their peril as it now transpires..
I can only speculate that a lot of them got sucked in by early gains, and now they have whole new developments empty and tons of average wage "investors" broke..
Realos are the same anywhere in the world, you see.. never believe one or a used car salesman