Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 

Unemployment concerns slowing Spanish property market

Date : (News Section: Spain)

Share
Unemployment concerns slowing Spanish property market

Concerns over unemployment in Spain have been cited as the reason for declining house sales in the country during November, Bloomberg has reported.

Transactions declined by 6.2 per cent compared to the previous year making it the third consecutive month that sales have fallen.

According to the news provider, the sudden drop in sales also comes as banks slow down their levels of mortgage lending, with many individuals holding off buying a home in Spain until the outlook for employment improves.

"Spain's economy stagnated in the third quarter, leaving the unemployment rate at more than 20 per cent, the highest in Europe," the article stated.

However, the overall economic recovery may be further destabilized by the introduction of the most stringent austerity measures in around 30 years as the government in the country looks to cut its deficit.

Since the market's peak in 2007, a recent survey from real-estate website Fotocasa.es and IESE Business School has found that prices have fallen by 22.5 per cent.


Share

Article by +James Roberts on behalf of Propertyshowrooms.com

Related Articles

  1. UK Investor Appetite for Overseas Property Still Riding High
  2. The Rise and Fall and Rise of Property in Fuengirola
  3. 10 Things You Never Knew About Spain
  4. The Balearics: One of the Most Desirable Property Hotspots
  5. 20% of Spanish Property Bought by Foreigners in Q1 2014






Secure Exit Strategy


Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

Currencies 4 U
Investment Property
Distressed Property in Coin Featured Property
Coin (Malaga)
House/Villa - 5-Bed, 2-Bath
€269,950 - Find out more »
Distressed Property in Puerto Banus Featured Property
Puerto Banus (Malaga)
Apartment/Flat - 3-Bed, 3-Bath
€1,280,000 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo