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Spanish house price decline accelerates to 15.2% year-on-year

The last time I reported on the Spanish housing market in August, we were in the midst of a bank deposit run caused by the redenomination risk. This was pre-OMT. At the time, we saw an acceleration in the house price declines. House prices were down 11.2% year-on-year through July.

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.