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Falling property prices in Spain

Falling property prices in Spain (News (General))

by administrator @, Monday, August 24, 2009, 17:51

Property prices in Spain are continuing to fall according to the latest published prices but there are signs that bargains are starting to attract more real estate investors, especially at the top end of the market.

On the face of it the latest figures from the National Institute of Statistics make poor reading. Year on year to the end of June prices dropped an average of 26%. New properties fell 18% and re-sale real estate was down 33%.

But the figures show that the rate of decline is slowing leading some to believe that the real estate market is starting to bottom out. The June figures are marginally better than May when average prices fell 33% year on year.

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