Will house prices in Spain fall further? - This is Money
Will house prices in Spain fall further? - This is Money 
According to the Spanish ministry of development, planning approvals fell by 25% in 2007. Don't miss our investigationsJoin the fightbackHow to reclaim mortgage feesThis is Money shows you exactly how to reclaim mortgage fees and other chargesEndowmentsFix your endowment messIf your stock market endowment has failed, don't despair. Fuerteventura and Lanzarote saw particularly big drops of up to 30% each.But another 14 locations have enjoyed rises. He says there have been problems in Spain, but they do not apply to every part of the country.'Spain as a whole has been one of the stronger performers in recent months. In other words the markets have more faith in the economies of Spain and Italy than they do in the United Kingdom. It may be time to cut and run if Spain is no longer for you.- Tony Cannon, LancashireThe areas of the biggest price drops will have the largest amount of people unemployed, empty houses and probably high crime. Its called catching a falling knife?- David, BarkerBudget airline will soon be a thing of the past. It's time the figures were quoted for the ex pats returning.- Maggie, GuardamarI think if you are going to sell up in any of the Euro Countries it might be a good idea to do it as fast as you can. Now ain't that saying something!- Kat, BedsWhy buy now when the market is heading downward. On this basis, today's reduced asking prices represent real bargains � and potential gains if prices bounce back again.Golden rule number three is that you shouldn't simply look at bottom line prices, but should calculate a property's cost per square metre. Our Spanish property dream is in ruins MOVING MONEY ABROAD There's a cheaper alternative to banks when moving money abroad. People in the UK are finding it hard to get mortgages on their UK property never mind abroad. Residential prices, for example, rose by almost 5% during 2007,' he says. So choose carefully.- Tony, Dartford, KentWe have just sold our villa in Spain for 28,000.00 Euros less than we paid for it 3 yrs ago. The exchange rate has moved around 11% since August. The UK customer may stop coming to Spain looking for homes. The worry is whether the Spanish market is at its lowest ebb or whether there are more price falls on the horizon.The uncertainty is forcing buyers to think more carefully about what they want, where they buy it and for how much. There is no doubt that the Spanish property market has turned sharply. They say many of these have well-developed facilities and usually attract high values. This means a British buyer will pay around £8,000 more for a property worth £80,000,' says Peter Ellis of Foreign Currency Direct, a foreign exchange firm.On the upside, it is easier to buy your dream home in Spain at a good price. We answer the question on everyone's lipsInvestigationBeware of property seminarsThey claim buy-to-let is a sure road to riches. We have also cancelled our rented postbox and the same comment was received that more people are returning this year alone. We know a lot of people who have returned (18 couples in last 6 mths). Will house prices in Spain fall further?
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