Spanish Property Prices Decline for three consequctive years.

Throughout the late 90's and early noughties the Spanish Property saw an explosion in popularity, construction and price. Any boy from the country who knew how to mix cement or carry bricks could get a job.

Spain has massive a glut of unsold properties, and as developer and individuals continue to go into liquidation banks are resposse

The bubble burst in November of 2007 and since then prices have dropped some 25% (depending which measure you look at), with many analysts predicting that property prices will continue to fall.

The word on the ground is that many properties on sale are often over priced, but if you can find the bargains, these are selling for around 50% of their pre-boom prices.