Spanish international property market stabilising
16.10.2009
A new survey has suggested the property market in Spain may be starting to stabilise.
Spanish Housing Ministry figures for September put the annual rate of decline at 7.8 per cent, down from the record 8.2 per cent figure seen in August, Reuters reports.
The quarterly fall was also lower, with a 0.9 per cent decline in the three months to September, compared with a 1.9 per cent drop in the previous period.
Consultant at financial analyst house AFI Felix Lores told Reuters: "This annual drop was a surprise as we were expecting prices to begin falling by double-digits before the adjustment had ended."
Source: Halifax International Expats
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