Brazil Property News: Spanish property sales 'fall dramatically'




5th January 2009 05:50


Spain is in the midst of a property crash, with sales in the once-popular Catalonia region falling dramatically, it is reported.

PropertyWire says figures from idealist.com show new housing starts in the region are down by 80 per cent, while sales have declined by around half, Brazilian property investors may be interested to learn.

Costal resorts around Barcelona have seen a steep fall, with asking prices declining by 15 per cent in Malgrat and Pineda y Premia de Mar and just over a tenth on the Costa Brava and Costa Dorada, the news provider reports.

Prices are also down in Barcelona city, with a decline of 8.6 per cent over the last year sending resale prices back to 2005 levels.

Last week, Property Wire reported that the latest figures from the Institute of Construction technology show developers have failed to sell almost a million new homes on the Spanish coast, largely due to British property investors abandoning the market.


Follow uv10 on Twitter   



Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10's web site is designed to help and will provide you with the following invaluable information:



To find out more about investing, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Brazil property with uv10
Property in Brazil
Land in Brazil
Brazil - property buying made easy
Brazil Property Investment
Why buy now in Brazil
Natal, Brazil
Pipa, Pipa Beach, Praia do Pipa, Brazil
questions and answers about property in brazil
uv10 Brazil Property in the news
Brazil Property News
Contact uv10
About Us
Register for the Brazil Property Guide
Name:
Email:
Phone:
Your message: