This will occur after two years of price drops and a further two years of stagnation.
"Specifically, Frob says that prices will fall by 2.8 per cent next year and 1.5 per cent in 2015, while land prices will drop 12.5 per cent in 2013 and 5 per cent the following year. Recovery of land prices will then begin in 2016."
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In 2017, when the recovery is expected to begin, prices will start to edge up by 3 per cent per year.
2008 to present has been known as the "Spanish financial crisis," for which Spain, along with various parts of Europe, has experienced as financial crisis since the late 2000's.
