Friday, October 30, 2009
Following on from my earlier post
+ Home + News & Views + Intelligence + Solutions + About + Spanish Property Forums Property price declines â€œonly half way thereâ€ says new report
Consensus in Spain seems very realistic "House and land prices are heading down, but since their peak in 2007 house prices have only fallen 15%, urban land by 21%, and building land outside cities by 25%. To return the market to balance house prices must fall another 22%, urban land 53%, and building land in other areas 62%, all in the next 2 to 3 years" Can't see Rightmove, Halifax, Nationwide or the RICS suggesting this for the UK market - Yet!!