| The price for real estate in the Spanish Mediterranean sea cost in October got reduced by 8.9% as against the same period in the previous year.
The sea cost area is dominated by second-hand dwells, which usually endures difficult times during economic recessions. Besides, the seaside real estates suffers from Euro's strengthening, which makes it more diffuclt an investor from, let's say, UK to buy a house in the Spanish seaside region.
These news could bring the Spanish seaside real estate market to a real shock, since it stably used to grow over.
This market is still alive due to Euro's depreciation. |
