Falling real estate in Spain, it continues

The housing market is still in turmoil in Spain. Housing prices do not stop falling and the construction industry is still in crisis. Spain's growth based mainly on construction, building and real estate market, and most impacted by the falling house and what it implies.

Latest news in time, house prices fell by 17.72% between the first half of 2008 and the first half of 2009. In Madrid and Barcelona declining real estate reaches over 21%.

See also : Spanish property crisis