Barcelona property prices will fall 10% this year, and 20% in real terms over 2 years say estate agents

Article Date : 22 September 2008
News Section: Spain

Barcelona’s property market has collapsed, and Barcelona’s estate agents’ association (API) forecasts that prices for resale properties will fall 10% this year, reports the Spanish daily ‘El Pais’. “There is no market,” Joan Ollé, president of API in Barcelona, told El Pais. The credit crunch and property market crisis has paralysed the market in the Catalan...

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