Comments on: House Prices in Spain Seem to Have Bottomed Out http://www.montesdemalaga.com/wp/2009/06/16/house-prices-in-spain-seem-to-have-bottomed-out/ Spanish Property News Sun, 13 Nov 2011 17:39:14 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Fletch http://www.montesdemalaga.com/wp/2009/06/16/house-prices-in-spain-seem-to-have-bottomed-out/comment-page-1/#comment-83 Fletch Fri, 03 Jul 2009 19:30:38 +0000 http://www.montesdemalaga.com/wp/?p=186#comment-83 "...a relatively stable 10% down on an annual basis.... the data does suggest that house prices in Spain have bottomed out." That's a really strange piece of analysis. A stable 10% down annually is more like diving. 0% change would be bottoming out. And with unemployment continuing to rise and plenty of empty dwellings (> 1 mil I believe) throughout the country, it's hard to believe prices will stop falling anytime soon. “…a relatively stable 10% down on an annual basis…. the data does suggest that house prices in Spain have bottomed out.”

That’s a really strange piece of analysis. A stable 10% down annually is more like diving. 0% change would be bottoming out. And with unemployment continuing to rise and plenty of empty dwellings (> 1 mil I believe) throughout the country, it’s hard to believe prices will stop falling anytime soon.

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