Economics
Spain Homebuyer Bids Fell 23% Short of Asking Prices in 2013
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Offers to buy Spanish homes fell short of the asking prices by 23 percent on average last year, damping expectations that the nation’s residential values have reached bottom, according to Idealista.com.
Bids were 22 percent less for homes in Madrid and 23 percent lower in Barcelona, according to the study published today by Idealista, Spain’s largest property website. Home prices rose for the first time since 2010 in the third quarter, official statistics showed.