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S & P: Spanish property overvalued by 9-18%

12.05.2014
Homesoverseas.ru editorial office
24
According to a recent Standard & Poor's report, real estate in Spain overvalued by 9-18% compared with the level of income of the population, according to Kyero.com . In addition, the S & P forecasts, this year the cost of the Spanish real estate will decline by 2%, reaching the bottom in 2015. In 2013, there was a slowdown of falling prices due to the increase in foreign investments, especially in the coastal tourist regions such as the Balearic and Canary Islands. However, despite the growth in foreign investment by 10% in 2013, total sales fell by 27% last year, which is why S & P experts see no signs of the Spanish real estate market recovery. HomesOverseas.ru
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166 200 €
2 bedrooms
build area 59 sq. m
pool
sea/ocean view
negotiable price
garage
seller: RENTSALE
110 000 €
1 bedroom
build area 57 sq. m
pool
household appliances
sea/ocean view
negotiable price
seller: RENTSALE
269 500 €
2 bedrooms
build area 75 sq. m
pool
household appliances
mortgages available
air conditioning
seller: RENTSALE