Don't know about the CDS but on the CB they are still selling. Many properties up for sale and estate agents going out of business but private sales, at realistic prices, seem to be booming. I was over last month and the notary was packed with people (all nationalities) signing up as was the solicitors. Two houses in my street were sold within a couple of weeks, one to a Spanish family from Madrid who wanted it as a holiday home and the other to a British couple who had been renting in the area. Some of the bigger agents are still sticking an unrealistic 10 to 15 percent on top of the asking price whilst others are being a bit more real-worldly and charging 3%. Also noticed a couple of places that have been on the market for some time and they are still charging last years prices despite the pounds crash. For example, a two bed flat for 135000 euros still up for the same price even though this will have increase the pound cost by around 35000 pounds. Others, who have reduced to 100000 euros (still getting the 100000 pounds) have had no problem.
New, off-plan building appear to have stopped with one huge site in Torrevieja coming to a complete halt even though all the roads, lighting, parks etc have been completed. Just no houses going up and it has been like that since September last year.
Unfortunately, some expats have realised that they can no longer afford it here as the pound drops and cost of living goes ever higher. Because of this, a lot of property has come on to the market at the same time and, while a lot of it is moving, others read the newspapers which keep harping on about property going down and not yet reaching bottom so some people are waiting until it does reach the lowest possible. Plus banks are now very wary about giving out mortgages as so many people are simply handing the keys in and going home which leaves the banks with a lot of property on their hands which I am sure they don't want.
It is also getting harder in UK, France, Germany and other places which means people just don't have the available funds and don't want to take on extra debt when everything is so much up in the air. Mind you, pound is rallying, inflation is decreasing and some experts (remember those financial experts? Good, weren't they?) reckon the worst will be over in 6 months time.