Tuesday, February 8, 2011

Housing prices in Spain - again (and mocking Zapatero)

And the housing market just keep acting as if they never had heard what our estimated president told CNBC already last September (link) (see minute 3:00).

This time it is Tinsa which seems to have missed Zapateros market-insight.

“El año comienza aumentando el ajuste del valor de las viviendas” - their report says, indicating the inter-annual decline to 5%.

So, how is this compatible with Zapateros message that the prices had hit the bottom in September and there were signs of increasing prices?

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