According to the Ministry of Housing of Spain, despite an 8% decline in prices this year, the Spanish property market is beginning to stabilize, and now it is time to buy a house. "Speech on the (price) crisis no longer is," - said the representative of the Ministry at a press conference on the new quarterly report of the Ministry of housing market conditions. During the year, the national average price of housing has fallen by 8%, despite the fact that over the past few months, the pace of price decline slowed. However, the fact that the worst is over, not everyone agrees. According to the survey on the housing market, conducted by Reuters among Spanish and foreign economists, according to forecasts, prices would have to fall by an average of 32% compared to 2007 peak in the year. According to the Ministry of Housing to date, they fell in nominal terms by only 7%. Many experts believe that official figures often do not reflect the real situation on the market, therefore, to assess the real scale of the price changes in Spain is difficult. Nevertheless, against the backdrop of the US market, which is likely to "bubbles" was less than in Spain, and real estate has fallen in price by 30-35% compared with the peak in the situation in the Spanish market looks more promising. On this Site www.globaledge.co.uk
Spanish Ministry of Housing believes that the worst times behind
20.10.2009
Homesoverseas.ru editorial office
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