I found out today that one of the largest estate agent groups in Catalonia is making around 6 sales a month, down from around 70/month not so long ago. This company focuses on the local market, so these figures can’t be blamed on those gutless pesky foreign buyers not doing their bit to support the market. This is a catastrophic drop. Needless to say, if this situation goes on for many months….. I’m told around 1,000 small have already closed in Catalonia. And prices around Barcelona are falling 5%- 10%. I always assumed that the market in this area would be much more resilient, but apparently not.
What’s going on in other areas? Anyone out there with a finger on the pulse like to share an opinion?
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