castanyes blaves

A study has been published predicting that the price of second-handed flats in Barcelona may fall down to 20% in the next three years.

I haven't found a link for it: I only have the reference from a Radio program that dedicated about half an hour of discussion about the topic today.

The reasons of this decrease in value are, among others, the increase in interest rates in Europe, a decrease in the demand, and the staggering rate of accumulated indebtment in Spanish families.

This is the first study that shows negative rates in housing prices in the last decade in Spain. But other studies have depicted a scenario in the last couple of years in which the Bubble was reaching a plateau, with less pronounced increases in prices.

One of the specialist in the radio program was trying to give null credit to the study. The problem is that some of his arguments were so ironically unfounded that the whole point seemed even more reasonable after his argumentation...

posted by avilella  # 2:29 PM