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.

Things have got worse since, with house price declines accelerating to 15.2%, according to official statistics. At the same time, Cinco Dias is reporting that Spanish national debt will soon pass the 100% debt to G...

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