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The number of house sold in SPain dropped a 30% in the third quarter.. and of course mortgage money is down too...

http://www.lavanguardia.es/economia/noticias/20081124/53585491443/las-ventas-de-viviendas-cayeron-un -3048-en-el-tercer-trimestre.html

"Las ventas de viviendas cayeron un 30,48% en el tercer trimestre

El importe medio del crédito hipotecario por vivienda alcanzó los 140.193 euros, un 2,41% menos que en el mismo período del año pasado"

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Mon Nov 24th, 2008 at 02:55:19 PM EST
[ Parent ]
I'd imagine the absence of foreign buyers has an effect on that.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Nov 24th, 2008 at 06:27:09 PM EST
[ Parent ]
I would say at least a quarter of the drop...and half of those related with second holiday residences.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Tue Nov 25th, 2008 at 05:10:46 AM EST
[ Parent ]

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