October sees 10% drop in property sales

The number of property transactions in Spain continues to fall despite price drops of around forty percent since the crisis began in 2008.

Buyers are finding to difficult to get mortgage loans for their properties, while property website Idealista.com forcats that prices will need to fall further before sales pick up. The number of sales fell by 10% in OCtober, with a 17.6% drop in new builds and a 2.9% drop for existing homes.

Source: El Pais

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