The Spanish Minister for Housing, Beatriz Corredor, has replied to comments from her predecessor, María Antonia Trujillo and said that now is a good time to buy property in Spain. Trujillo had said that she would not buy property now and forecast prices would fall by a further 30% -50%.
Now Corredor has come out with a defence of the work of her Ministry, underlining the work it does in providing help into the official protection housing market.
The Minister said that there was still a tax deduction on housing in force this year, and that mortgage interest rates remained very low. She also claimed that some property in Spain has fallen in price by more than 60%. She said it was ‘important for purchasers to find out how much housing is worth in the area where they have chosen to live’.
She also noted that the SPA, Public Rent Society, was taking over more than 30,000 of the empty newly built homes into the rental sector.
From www.typicallyspanish.com
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