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I am positive about the property Spanish market. I believe it's still a good one for investors and people who want to have a place in Spain. The good point of the current crisis is that prices still have a way to drop. Probably we will see better opportunities for everybody.

Spain leads the fall in house construction
19 November 2010 @ 14:08

In the construction sector, seasonally adjusted production fell by 2.1% in the euro area and by 1.7% in the EU27 in September 2010, compared with the previous month. Spanish property is leading the fall in construction in the EU. It dropped by 31,7 in September 2010 compared to September 2009.

Compared with September 2009, output in September 2010 dropped by 8.1% in the euro area and by 3.6% in the EU27.
These first estimates are released by Eurostat, the statistical office of the European Union.

Monthly comparison
Among the Member States for which data are available for September 2010, construction output fell in nine, rose in four and remained stable in the Czech Republic. The largest decreases were registered in Slovenia (-8.3%), Slovakia (-7.6%) and Portugal (-4.6%), and the highest increases in Romania (+4.0%), Poland (+2.9%) and Sweden (+1.4%).
Building construction fell by 0.6% in the euro area and by 2.3% in the EU27, after -0.9% and +0.5% respectively in August. Civil engineering decreased by 2.0% in the euro area and by 0.2% in the EU27, after -0.6% and +0.5% respectively in the previous month.

Annual comparison
Among the Member States for which data are available for September 2010, construction output fell in ten and rose in four. The largest decreases were registered in Spain (-37.3%), Slovenia (-18.5%) and Romania (-14.2%). The highest increases were recorded in Poland (+13.4%), Sweden and the United Kingdom (both +6.9%).
Building construction decreased by 7.5% in the euro area and by 4.6% in the EU27, after -5.9% and -2.7% respectively in August. Civil engineering dropped by 9.9% in the euro area, but increased by 2.6% in the EU27, after -11.6% and +1.9% respectively in the previous month.

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Kas Davis said:
12 December 2010 @ 13:38

Note this headline is misleading. The Eurostat report refers to the whole construction sector not just house building.

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