Another prediction of the behavior of real estate prices in Spain, this time from Citigroup, is echoed to others: housing will become cheaper, and only this year the fall may be up to 10%, according to ee24.com citing spanishpropertyinsight.com.
Price fall has slowed, but it continues in many cities and regions of Spain. Keep in mind that banks have accumulated a large number of properties, and not all of them are already available on the market.
Citigroup forecasts that in 2014 housing in Spain will become by 5-10% more affordable, because at the moment it is overestimated by 6-10% compared to the average incomes and rents.