castanyes blaves
Random ramblings about some random stuff, and things; but more stuff than things -- all in a mesmerizing and kaleidoscopic soapbox-like flow of words.4/04/2006
According to the "Servei d'Estudis de La Caixa", there will be a "soft landing" of the house prices in the next few years in Spain.
http://www.elperiodico.com/default.asp?idpublicacio_PK=6&idioma=CAT&idnoticia_PK=293441&idseccio_PK=131&h=
(catalan)
The prices will be raising at about 10% this year, so that, subtracting the inflation, the real raise will be of about 6%.
The prevision reports that "there can be raises below the inflation in the next few years, so the real price will be dropping, as already happened during 1993-1996".
The main reason will be the raise of the price of the money by the European Central Bank.
The report doesn't consider that there has been a "bubble", but that the prices raised too much and are concentrating too much financing effort by the families".
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