Tuesday, April 10, 2012

Latest Spanish Housing losses report released

The press release to the report is linked here. The following is a quote from the concluding paragraphs:

Below the market average were the municipalities of the “Mediterranean Coast” which saw a year-on-year decrease of 10.8%, followed by the “Balearic and Canary Islands” and the “Metropolitan Areas”, which both presented a drop of 9.8%.

In relation to the overall decline since the market peaked, the “Mediterranean Coast ” showed a fall of 34.9% in March; followed by “Capitals and Major Cities” with 30.8%, “Metropolitan Areas” with 29.4%, the “Balearic and Canary Islands” with 25% and “Other Municipalities”, which refers to those not included in the other categories, with 24.9%.

Unrealistic emergency measures by governments to delay market falls, often make the end result worse. A Lesson for the USA and UK perhaps!



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