The fall of the housing market could touch down in 2014 if the Spanish economy continues to recover writes the German bank Deutsche Bank, in 2014 we will see an end to declines in both Spain and in Holland, this review adds to the BBVA and Goldman Sachs conclusion, they estimate that housing prices will further drop.

The number of experts who foresee the end of the adjustment of housing in Spain in the coming months is increasing, from the BBVA Javier Sainz, director of the developer of the bank Anida, he said in an interview recently that ” the price of home sales that are closing is the lowest we’ll see “, the reasons given were the reforms that have been made in Spain in recent years. For its part the bank Goldman Sachs in its latest report asserted that the stabilization of the unemployment rate in Spain would suggest that the bottoming out of the price of housing is close.

Deutsche bank says prices in Spain have bottomed out

But not everyone is so optimistic, for example the U.S. bank Morgan Stanley said in its latest report on Spain that housing should drop by a further 30% to match families income, his conclusion is that the bursting of the housing bubble will still carry on.

Deutsche Bank catalogues Spain in the group of countries with a weak economy and falling house prices, included in this group is Holland, Ireland and Greece, according to the report drawn up on the housing markets in major countries of the eurozone, in recent years housing prices in these four countries have fallen and have become more affordable again, ie affordability ratios have fallen.