Some
people think that 2005 will be the year in which, even if there is no notable
decline in housing prices in Spain, the property market will certainly slow down
and prices will stop rising at the rate they have over the past ten years.
This
is part of an article published recently in our News from Spain blog:
It
looks as if the prices of houses in Spain are at last starting to come down. Yesterday
the Housing Minister, Maria Antonia Trujillo, said that latest figures published
suggest that trends in the Spanish property market were starting to change.
However,
Trujillo declined to make any concrete prediction regarding a possible drop in
house prices, or to comment on the possibility that Spain may soon be experiencing
the same sort of downward trend in property prices as that experienced by the
real estate market in Britain. She measured her words very carefully - "It
is true that certain figures (related to the property market) indicate change".
The
other day El Pais newspaper published an article about the future of the property
market in Spain. The article said that most of the factors which caused the massive
rise in prices experienced by the Spanish real estate market some years ago, have
largely disappeared:......................
If
you want to read the rest of the article, click here: Price
of houses in Spain.
