House prices will continue to fall in 2011

November 3, 2010 at 4:21 pm 1 comment

As the end of the year is approaching, it’s interested to hear more and more predictions regarding the Spanish real estate market. This is one other prediction that specialists have made, namely that prices of pre-owned houses will continue to drop in 2011.

According to El País and the president of the Network of Real Estate Experts, Eduardo Molet, predicts the price of second-hand housing, both sales and rentals will continue to decline throughout 2011 and will have to wait 2012 for prices to experience a smooth and progressive increase.

In addition, the leader of the Network of Real Estate Experts considers that the application of the upper class has driven sales growth, albeit at ever lower prices. He also claims that those properties are sold only at a second hand quality, if are well located and whose prices have fallen about 30% from 2006.



Entry filed under: News, Real estate. Tags: , , , , .

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