Spanish house prices slump 8.5% in a year

Spanish property prices have slumped by 8.5% over the past year - a €23,000 drop in average asking prices, according to online property portal Kyero. With asking prices falling from €267,000 to €244,000 in just a year, 25% unemployment and tough financial problems, local sales have dried up. However, cash buyers are jetting in from countries … [Read more...]