House prices in Spain are in freefall, with estate agents telling customers that prices are falling by up to thirty percent.

Spanish Minister says, if people bought houses as homes we would not have such crazy speculation leading to such a “readjustment”. House prices just have to fall in line with earnings. You can lay the blame on greedy property developers and those buyers who thought they could make a quick buck at someone else’s expense.

http://news.bbc.co.uk/2/hi/7399812.stm

fmplusnews

Yes prices have on some projects fallen by about 20 - 30% - for those selling and changing Euros to sterling this is offset by around 16% in exchange gains.

Its the same in most other countries in Europe with slow markets and falling prices.

As we said months ago 2008 is a buyers market.

looking for them best buys and dont see them yet ... i see where San Jose, a major builder in the Torrevieja has filed for adminsitration/bankruptcy
and i am looking for an apartment in Santa pola for the summer and can get one ..... it unreal are elchle area sept on
jurdy