Friday, July 6, 2007

Panic selling by developers in Spain

House prices for new homes fall by up to 23% in Malaga

The latest property market statistics confirm the recent downward trend in price increases in the province of Malaga with the cost of new homes actually falling in some areas. The recent report published by Salvago Inmobiliaria, concerning the months of April, May and June of 2007, reveals that the cost of new properties has fallen by as much as 23 per cent on the east side of the city of Malaga.

Posted by converted lurker @ 12:19 PM (448 views)
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2 thoughts on “Panic selling by developers in Spain

  • Waiting for this to say UK, rather than Malaga.
    Amen.

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  • semi-detached-from-reality says:

    This is better fuel for the fire than any Economist etc article.
    Most people get their deep understanding of financial matters in a number of ways:-

    ‘Bloke in the pub’
    ‘That article in the Daily Mirror, good that’
    ‘Programme the other night on the telly’
    ‘Me mates made a killing on their Spanish villa’

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