Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Spain Home Sales Slump for Eighth Month as Economy Stalls

Spanish home sales declined in October for an eighth month as the economy stalled and unemployment surged.

The number of transactions fell 18 percent from a year earlier, after declining an annual 28.2 percent in September, the National Statistics Institute in Madrid said in an e-mailed statement today.

Spain is struggling to work through an excess of 700,000 new homes after the collapse of a building boom saddled banks with 176 billion euros ($233 billion) of what the Bank of Spain calls “troubled” assets linked to real estate. Tax rebates for buyers have failed to spur the market, as a 23 percent unemployment rate deters consumers from making home purchases.

Spain’s economy stalled in the third quarter, and the Bank of Spain said on Nov. 30 that the economy weakened further in the last months of the year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.