It is true that property prices around the Bay of Cadiz have risen very much over the past 5 years. In a place like El Puerto de Santa Maria (a popular summer resort) holiday accommodation went through the roof – well I mean rose by at least 70% during those 5 years. So maybe some levelling off may be necessary but to say “Cadiz falling by 15%” is bad journalism.
The article was dealing with ‘holiday homes’ or second homes and so I imagine that the flats owned by the workers of Cadiz do not fit into this description. This area is liked by all nationalities and for example, the area around Chiclana has seen a very large growth of British buy property. And they still buy.