Wednesday, 10 December 2008

House prices lowest in 50 years


New property prices are set to drop to their lowest level in almost 50 years, recent studies warn. Real estate experts are now predicting a drastic drop in residential construction next year, meaning that only 150,000 homes will be built in the whole of Spain, which is the fewest since 1960. This situation will certainly have a negative effect on employment as well. Studies say that one million people working in the real estate and construction businesses are likely to lose their jobs next year.

11 comments:

Anonymous,  9 January 2010 at 20:08  

Late, but confirming this notice,... there are one milion unemployed people more in spain than in December 08. I hope this is going to stop!!