Monthly Archives: February 2012

Could the financial reform accelerate the prices decline?

  The Spanish real estate market might face an imminent change in the price of its real estate holdings, due to the reform of the financial system being prepared by the Government. Luis de Guindos, the Economy Minister, had a clear message early this week: “Banks have one year to stop speculating and set their real estate stock to a realistic market price”.     Spanish prop

Spanish Economy 2012: Consequences For Real Estate

   The Spanish economy in 2012 is not likely to improve according to the latest forecast of the Bank of Spain. The official 2012 forecast by Banco de España (Bank of Spain) predicts that the Spanish economy will shrink by 1.5% during the year and the unemployment rate will increase to 23.4%. Furthermore, the International Monetary Fund predicts that Spain will still be in recession for