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Spain was the country in which housing prices fell the most during the crisis

According to one study, Spain suffered the biggest drop in the European real estate market between 2008 and 2016.

The Fed delegation in Texas has analyzed the evolution of housing prices in Europe between 2005 and 2016 and has corroborated that Spain was the one that registered the biggest collapse with respect to its highest point.

A study by the Fed delegation in Texas analyzes the evolution of housing prices in Europe between 2005 and 2016. The reason for taking as the starting date 2005 is based on the fact that that year is a year before the Problems that the real estate sector had at the global level.

The biggest drop in prices in Europe despite the recovery of the sector.

House prices, despite recovering very gradually, registered a fall of 27.4% in the second quarter of 2016 compared to 2005. But if you compare the figures with 2008, already in the middle of the housing bubble, the fall Of 2016 is 40%, a figure unparalleled throughout Europe.

However, prices have already started to rise, albeit slightly in 2016. Obviously, the figures are still far from the peaks of the housing bubble, which makes the current situation still a good period to buy housing. Are you interested in buying property on the Costa Blanca?

ES Property for Sale in Spain helps you buy in Playa Flamenca apartments for sale.

If you are looking for a property for sale in Spain we would highly recommend that you consider some of our apartments for sale in Playa Flamenca, an excellent location for accessing to excellent beaches and golf courses.

At ES Property for Sale in Spain our reputation means everything to us, we only ever offer the best consultative, professional advice to ensure the process of purchasing your property is simple and that you buy in confidence.

Every developer we deal with has been thoroughly checked and we can therefore ensure they are financially stable and have the appropriate build licences, making the buying process for you straightforward and smooth, leaving you to simply enjoy owning your own property in Spain.


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