Property prices in Spain still falling

Britons could take advantage of the country's struggling economy by securing a good deal on a residential investment or a commercial property. According to the Bank of Spain, house prices have fallen by 17% since 2007, while it has also been reported that there are more than one million homes currently unsold on the market.

Property values in some parts of Spain are falling, Bank of Spain has just brought it up in its latest report on the economy. If the past is anything to go by, average Spanish property prices will continue falling for another 2 years

The latest property prices figures for real estate in Spain show that prices fell by between 3.5 and 4.5% year on year in February.

During the first part of 2011 house sales will continue to be slow and the fall in prices will continue until most of the surplus housing stock has been absorbed. According to the Association of Property Valuers the fall in prices will affect both first homes and second homes.


So.. if you are an usual tourist What are you waiting for being an owner of property in Spain??