Re: Price of housing will fall 25% to equal 4 years income

SPI News Feed

The consultancy RR. de Acuña & Asociados predicts that the price of housing in Spain will fall another 25% from its current levels so that its price will equal 4 years of income for the average Spanish family.

The ideal cost range for any country according to experts is between 3.8 and 4 years but the current level in Spain is 5.9 years of income which the majority of analysts believe is unsustainable,

The predicted drop in prices would mean that the cost of Spanish housing would reach 1999-2000 levels.

Graph showing the evolution of the average number of years of families’ income required to buy a house in Spain