89% of estate agent/real estate managers across Spain believe that housing prices will continue to fall

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CBRE real estate survey

89% of real estate office managers across Spain believe that housing prices will continue to fall throughout this year, according to a report prepared by CBRE Spain and released today.

67% of managers surveyed expect prices to fall by 5% to 15%, while 21% pointed to falls of between 16% and 20%.

This trend of decline may have bottomed out in the case of Madrid and Barcelona, ​​or so believe 47% of managers, while Andalusia, the Mediterranean Costas, the Canary Islands and the Cantabrian Coast are the areas where house prices are more likely to continue to fall in 2013.

In this context, President of rating firm in Spain, Javier Kindelan, believes the trend for this year is more positive, although the forecasts are not all good, there is some optimism that could mark a turnaround after a complicated year in 2012.