UK Expats face housing troubles(crash)

news.bbc.co.uk/2/hi/business/7400846.stm

All could nearly be said for here as well bar an Irish minister acknowledging anything is wrong unlike his Spanish counterpart who correctly pinpoints to internal problems than placing whole blame on credit crunch.

Look at last paragraph
‘“Spain is like Ireland and the UK. We have to face a new situation: what is the source of the economy without the real estate market?”’

Sounds familiar!!