Tag Archives: Spain

Spain’s recovery expected to take years; house prices continues to decline

While a number of European countries are slowly recovering from the economic downturn, Spain remains stuck in its worst recession in 60 years.

high unemployment, high budget defitic and low consumer demand continue to contribute to the country’s financial crisis. »

Spain house sales dive 36 pct in third quarter

Spanish house sales dived by 36 percent from July to September compared to the same period of last year and housing starts sank by 49 percent, the Housing Ministry said on Thursday. »