Housing prices in Spain continue to fall until 2015

International research agency Standard & Poors expects a continuation of falling prices for Spanish property until 2015, according to the Spanish internet portal Kyero.com . Today, the Spanish real estate market supply exceeds demand and credit conditions remain difficult. Experts predict a fall in prices by 8% by the end of the year, 5% in 2014 and 1% in 2015. Overall, in 2008 the price of Spanish property fell by 30.3%. Agency Standard & Poors Experts believe that the prospect of a weak economic recovery in 2014, high unemployment and a slow decline in the debt burden of the country adversely affect the price. In the fourth quarter of 2012, the pace of new construction in Spain began to slow down - about 133 000 properties have been built, which is 26% less than the same period last year. Despite this, experts fear that the new construction can make the problem worse. HomesOverseas.ru