Significant Decline On Madrid Real Estate Price
The National Statistics Institute or INE has described that the price tags of Madrid Real Estate have
fallen approximately 14.
4% in this 2nd quarter of 2012 if it is in contrast with the fact in 2011 in the...
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Significant Decline On Madrid Real Estate Price
The National Statistics Institute or INE has described that the price tags of Madrid Real Estate have
fallen approximately 14.
4% in this 2nd quarter of 2012 if it is in contrast with the fact in 2011 in the
same period.
Given that the statistic was published by INE in 2008, this percentage turns into the
greatest decline.
In contrast with the first quarter of 2012, the reduction of the price tags is two points
higher.
Nevertheless, this reduction doesn t occur in Madrid only, but also some places in Spain such
as Catalonia, Basque region, Aragon, Balearic Islands, and Navarra.
Some economic professionals argue that this phenomenon is the twin impact of global fiscal crisis.
Besides, euro zone debt crunch will take aside in this situation as well.
Spanish real estate is hard to
be sold.
Some properties which are not selling are those in the outside of cities.
Those properties are
extremely tricky to sell.
Similar to those propert
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