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Drop in Spanish housing prices gains speed in Q2

Posted on 17 July 2009

From Expatica.com: The drop in housing prices in Spain, where a property bubble burst last year, picked up speed during the second quarter of 2009, falling 8.4 percent over the level at the same time last year, the housing ministry said on Wednesday.

By comparison, housing prices fell at a 6.8 percent annual rate in the first quarter and a 3.2-percent annual rate in the fourth quarter of 2008 as builders struggled to unload inventories accumulated during a decade-long property boom……….Full Article: Source


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