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Spain Real Estate News

What's really happening in the real estate world in Spain? The EOS Team are going to be keeping you up to date with everything that's happening from a market perspective.

Spain Home Sales Slump for 10th Straight Month
11 February 2012 @ 11:42

Spanish home sales declined in December for a 10th month as the euro area’s fourth-largest economy relapsed into a recession that began in 2008 when a property boom ended.

The number of transactions fell 25.3 percent from a year earlier, the National Statistics Institute in Madrid said in an e-mailed statement today.

Prime Minister Mariano Rajoy is battling to turn around a slump in the real-estate industry as unemployment rose to a 15- year high of 22.9 percent in the last quarter of 2011 and the Bank of Spain sees the economy shrinking 1.5 percent this year.

Read more at Bloomberg.com



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