Spain’s property market headed for a fall

Spain’s residential property market is heading for a hard landing, as tightening credit conditions exacerbate problems of oversupply and years of rampant price inflation, figures released by Spain's National Statistics Institute on the 26 March 2008 confirmed.

INE: Press Release, 26.3.08: Mortgages Statistics (Base 2003), January 2008 (Provisional) http://www.ine.es/en/daco/daco42/daco426/h0108c_en.pdf

INE: Press Release, 26.3.08: Statistics on Transfer of Property Rights, January 2008 (Provisional data) http://www.ine.es/en/daco/daco42/etdp/etdp0108_en.pdf

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