Words: Ashley Rigg
Published: 15th September 2010
Spanish price falls accelerating
The pace of house price decliens in Spain is on the increase. But is it a permanent trend or flash in the pan?
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Source: Spanish Property Insight
User Comments
As mentioned above, Tinsa is only a vague indicator of the true state of the market, given that it is based on valuations, however you raise a much more concerning issue.
Have prices been kept artificially high by the banks unwillingness to show their true property holdings on their balance sheets? This is an issue that has concerned me for some time. The banks, as we know, will be forced to reveal their hand, possibly with disastrous consequences.
The next few months "data" emerging will give us a better picture, but I really can´t see how extra stock will help the Spanish housing market.
Interesting times.
Mark Goodwin,
First Property Choice
Very worrying! How much longer will the correction go on for and how luch more bank stock will have to be released to fund the write downs?
Paul Brett,
Brett Consulting