According to the Times, the Spanish property market is about to burst. This leaves many sellers, buyers and property owners in an insecure position. What is going on? Is the real-estate market in Spain really about crash?
The Telegraph believes that there is no reason for any panic. In Spain the prices of the houses have been rising through the roof since 1997. Luckily, this increase is stabilizing. This leaves the market with more realistic prices than in the past, with advantages for both sides, chances for selling are higher and it will go faster and buyers pay reasonable prices.
According to the Spanish government the property inflation is slowing down from 18.5% in 2003, 17.2% in 2004, 12.8% in 2005, and 9.1% by the end of 2006. The first three months of this year the prices have increased with 7.2%. That is the lowest quarterly increase of the last few years. After the prices have grown with incredible rates in recent years, property prices are finally stabilizing.
The fact that the Spanish property market is over-provisioned cannot be neglected. Therefore there is a possibility that, in some isolated areas, the prices will slightly drop. But there is little chance that this decrease will occur in all of Spain. The prices of the properties in popular areas like the Costa Brava, Costa Blanca, Mallorca and Barcelona will most likely continue to grow because of their value– but more slowly than recent years.
Instead of heading towards an inevitable crash, the Spanish property market is preparing itself for a soft landing. Property owners and buyers around the areas mentioned do not have to fear a sudden depreciation of their properties, since these properties will hold their value in the future.

From realestate-dreams.com
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palmas real estate

Welcome aboard

Firstly, we do have an overseas forum where you´ll find many countries including Spain discussed at length.

From my own point of view, I have being trying to sell a flat in the Almeria region for over a year now without much success I may add. Funnily enough, I did actually get an offer last week which was 30000 Euros below the asking price which I didn´t accept. I would say there is a kind of stagnation at the moment with people not wanting to drop their prices to achieve a sale. The question is, particularly for the expat owners, whether the ones with mortgages will eventually be forced to reduce their prices in order to sell by what may happen in the UK.

I thought that the Spanish market had already crashed months ago. Massive oversupply and shrinking demand has left many sellers high and dry as far as I know. Prices are still relatively high when compared to 5 years ago but properties are offered only.

Jeez. You estate agents p*ss me off..

Lack of supply causing a HPI...Yeah right!

http://www.cnn.com/video/#/video/world/200...sing.crunch.cnn

Do you find the real estate in las palmas property and tenerife estate agent is crashing now? Does it mean that it’s the time to invest real estate in Spain now? Or to buy a house in Spain for living may be also a good idea.

mmmmmm, more spam please....


Two questions:

Do you really think you are going to get any business by spamming a website called housepricecrash?

When you spoke to your website designer, did you specifically ask him to make your sites look as amateurish as possible? Or perhaps he still thinks its 1998? Clearly you do, as that was about the last time it made any sense to invest in Spain

So let's see.

Property prices crashing = Time to invest

Is this what they teach nowadays in business schools?

Stabilizing increases don't make for more realistic prices unless Spanish inflation goes mental. Price drops will make prices more realistic. I really feel for the Spanish locals who, like just about every local person outside of London, has had their property market raped.