You have a long way to go - your government saved you from the bank madness - and your property market - while in a bad way - is not quite in the tailspin we have in Ireland.  I'm just back from a week in Torrevieja - what I wouldn't do to have your weather and your prices never got to the mad heights we had here! (There has been a rapid downward adjustment in all prices in the last year here, but it's a very hard thing to do without a currency devaluation option).

notes from no w here