Zapatero says housing prices have hit bottom

September 23, 2010 at 1:00 pm 3 comments

Zapatero defended the Spanish government’s commitment to reduce the deficit a couple of days ago and now is saying in an interview to American TV CNBC that prices have stopped falling.

He adds that  “in fact, in some parts of Spain where people buy their first homes, prices are rising”. This is a signal, according to Zapatero, that demand appears to be increasing.

The Prime Minister has made a tour of American financial institutions to reiterate the fact that investment in Spain is a safe option. The President has explained that he has succeeded in changing the perception of international markets, which “had a very exaggerated view of the situation in Spain.”Spanish debt is “safe and profitable,” he insisted after showing his confidence that the upcoming bond issues will have a good result.

The Prime Minister stressed that his Government had “implemented fiscal consolidation measures and decisions taken” serious and very hard “against the deficit.

Click here to see the video of the interview Zapatero gave to CNBC.


Entry filed under: Economy, Housing, News, Real estate, Video. Tags: , , , , , , .

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3 Comments Add your own

  • 1. Sad predictions for the real estate market « Kinos Blog  |  October 12, 2010 at 3:08 pm

    […] is mentioned in the category of rebound economies, as most recent estimates say that prices have hit bottom and are starting to climb up. Also, Spain is mentioned as a rebound economy also because of the […]

  • 2. World Wide News Flash  |  October 12, 2010 at 10:37 pm

    Zapatero says housing prices have hit bottom « Kinos Blog…

    I found your entry interesting do I’ve added a Trackback to it on my weblog :)…

  • 3. The prices of apartments hit rock bottom « Kinos Blog  |  October 13, 2010 at 11:18 am

    […] apartments hit rock bottom October 13, 2010 — realestateinspain Last month PM Zapatero announced in an interview in the US that housing prices have hit bottom and they are slowly increasing now. This was to be […]


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