PRICES of properties in Spain are bottoming out, according to the International Monetary Fund (IMF).
The report claims there are a number of reasons for predicting an end to the slump – besides the observation of real data.
One reason is that analysis of past crises suggests devaluation tends to last between five and seven years.
The IMF report also recommends measures to best deal with the situation in Spain.
These are to reactivate construction through supporting rental activity; undertaking tax reforms to increase purchasing power and making it easier to handle high levels of mortgage debt.