International Herald Tribune (IHT) también se pregunta cuando estallará la burbuja inmobiliaria española.
IHT, 22 marzo 2007, Investing: A bust in Spanish vacation homes?
[ .. ] A 30 percent slump could reduce Spanish economic growth by as much as 1.8 percentage points, according to Just, the Deutsche Bank analyst. [ .. ]
Re/Max International, the real estate brokerage company, said it cut prices as much as 26 percent on more than 5,000 homes in Spain in January. Over all, prices in Spain rose at an annual rate of 9.1 percent in the fourth quarter, slowing from 9.8 percent the previous quarter and 12.6 percent a year earlier, Housing Ministry figures show. Home prices in the United States fell 2.7 percent last year, according to the National Association of Realtors. [ .. ]
“When sales slow, the first area to suffer is vacation homes and then first homes are next to get hit,” said Dani Alvárez, former head of international sales at Don Piso, a Spanish real estate brokerage company. [ .. ]
A slump may hurt Spanish banks. Santander Central Hispano and Banco Bilbao Vizcaya Argentaria are the leaders among banks that are owed €1.3 trillion by developers, builders and mortgage holders, according to the Spanish Mortgage Association.