Number Of Spanish Properties On Market To Fall In 2010

However the report also found that new property developments will not increase this year and that investments in property projects will also fall.

Falling interest rates should increase the amount of people purchasing property in Spain as well as falling prices making buying a house in Spain easier than in other years.

According to the Bank of Spain, average mortgage payments now account for 29% of the average Spanish households basic costs, which is 13% less than in 2008.

Source: "El Pais" newspaper, 16th February 2010