Are House Prices In Barcelona Falling By 20%?
Barcelona house prices in theory are only falling by small amounts like 0.1% monthly. But these are based on asking prices, or what owners want their properties to sell for. I've just posted on recurring thoughts (my other blog) about how a friend is simply going around bidding 25% below asking prices, and getting plenty of sellers agreeing to sell around 20% off. 20% off asking price! Wow. It wasn't that long ago people would bid above asking price to buy a property. Of course, this is just anecdotal. But when what people on the street actually transacting are telling you something that is radically different than what you read in the papers, it makes you think: what is the truth?