- 19 December is Sevastopol auction
- 30% of Odessa’s’ agencies closed
- Developers agreed to limit profitability in a period of crunch.
- Foreign investors are interested in finished objects of property
- Influence of crunch on Crimea’s developers
- Prices for property fell to record minimum
- The cost of Crimea cottages higher than in Kiev
- The cost of Crimea cottages higher than in Kiev
- The law about anti crisis actions in construction adopted
Prices for property in Spain back to rates of 2006 16.12.2008
In a period from November 2007 to November 2008 the property’s prices in Spain decreased on 7,8%. For the moment the prices for Spain property is back to the level of 2006.
If compare with rate which was reached on December 2007, when it was a top of Spain property, fall was huge – for 11 months prices fell on 8,8%
The biggest fall was in coast regions – 8,5% for the last 12 months. Prices for property on Balearic Islands and Canary Islands fell on 8,4%, what increased on 3% the rate of previous months.