According to the President of the Association of Developers and contractors of Spain (APCE), José Manuel Golinda, the country's market "digest" the stock of unsold properties for a country holiday for four to five years. Overabundance of "core" homes will be sold out within two to three years.
The government sharply criticized for relief in respect of foreign property buyers admitted in the past few years, and gradually begins to harden its approach to them.
Over the past week in the biggest city of China has sold 60 thousand square meters. m of residential property, which is the lowest weekly level since 2005.
In I quarter of the country experienced a slowdown in housing price decline and the growing number of transactions. Nevertheless, analysts are in no hurry to make optimistic forecasts.