SPANISH house prices have suffered the largest fall since records began, according to the National Statistics Institute.
The figures, for the fourth quarter of the financial year, fell on average by 11.2 per cent compared to the same period last year.
Prices have dropped 21.7 per cent since 2007.
property has gone down 70% in ireland creeping up though spain has a bit to go yet before it bottoms out
Just sold a house near Ronda for the same money it was 5 years ago. It’s not all doom and gloom, just a matter of location and quality. Something very few people here seem to understand!
If the orgiginal purchase tax and lawyers fees are not included in that figure (which range roughly from 7-10% of the total purchase price) that means that you have made a loss. To break even you have to sell the house at a 10% profit or more. Funny how people keep misunderstanding that.