Just 2.8pc of Spaniards plan to buy a home in 2013, according to the latest survey by Spain’s CIS research group, which produces the national consumer confidence index.
Consumer confidence fell 13.4pc in April compared to the previous month, one of the worst falls since the index started in 2004.
43pc think that house prices will fall more next year than this year, whilst 46pc think prices will stay the same. Only 5pc think house prices will actually start to rise next year.
79pc think the economic situation is worse today than 6 months ago, and more than half think it will get harder to find a job.
Mark Stücklin is a Barcelona-based property market analyst and consultant, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on firstname.lastname@example.org.