The Spanish residential market shows no signs of recovering. According to figures released this week by the National Statistics Institute (INE), the number of house sales in the country plummeted by almost 40% year-on-year in March 2008, to about 46,000 units. This compares with a drop of 24% registered in February, and 27% in January.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
