| From Guardian: Sector faces years of falling house prices as sector struggles to offload massive glut of unsold homes. Reports on Spain's ailing housing market show sales volumes are down almost 50% since the summer and prices may suffer further falls of up to 30% — with holiday homes in tourist areas likely to fare worst of all.
The Spanish market has collapsed since 2007, with prices of new coastal homes and older houses in inland "white villages" popular with British buyers plummeting 50% or more..............................................Full Article: Source
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