The Latest Spanish Property News from Kyero.com

A ‘SOFT landing’ is forecast for the Spanish property market, according to a new study from Banco Bilbao Vizcaya Argentaria, with demand and supply reaching sustainable levels.

“House prices have undergone a further slow-down, the moderation in demand from households has gathered pace, and the indicators of activity are starting to show some deceleration on the supply side,” the report said.

“Household spending on housing will slow in 2007 and 2008, a fall-off is expected to be intense but without turning negative in real terms,” it added. “Investment in housing is therefore expected to fall back from a growth rate of 2.8% in 2007 to 1% in 2008.”

Story from OPP