I read in various place that the Spanish construction and properties market is slowing down, I even heard the story of a seller in Malaga so desperate to the point to give large discount on the selling price of his property.

Mark Stucklin at SpanishPropertyInsight except a market shakeout in 2007, I assume this is one of the reason why it is more difficult to sell land in Spain , promoters and developers want to pay as low as possible the highest land price is in Madrid (402 euro/square meter) and La rioja (295 euro/square meter) in other provinces the situation is worse with average barely about 100 euro , this is the case for Las castilla de La Mancha, Navarra, Cantabria and Navarra. At the date of june 2006, 42,3 millions of square meters have been sold this 26 % less than in 2005.

Less transactions for sure, yet the promoters continue to build Inbisa is going to invest € 26 millions euro in Estepona , that the third projects in this area, they except to build 80 housing units on a surface of 9550 square meters, they also except the project to be complete by the first semester of 2009.

The market had a 10 % growth in 2006 compared to a 15 % growth in 2005, let see how 2007 will be may be a slow year.