María Antonia Trujillo says she expects house prices to fall by a further 30-50%

15:05 El NACHO 0 Comments

The Spanish ex Minister for Housing, María Antonia Trujillo, has told a reader of El País in an online interview that she would not buy a flat in Spain now.

The questioner asked whether she agreed with her successor’s view; Beatriz Corredor has declared that now is the best time to buy a home.

María Antonia Trujillo replied that everyone can do what they see fit, but that she has been looking to buy for three years and would not do so now as she expected house prices in Spain to fall by a further 30-50%. She added she hoped the adjustment would happen quickly.

Trujillo, who was Minister at the end of the real estate boom, admitted her part of the blame for the crash saying that everyone from the citizen to the politician has their share of the blame. She added however that the then Minister for Tax and the Economy, Pedro Solbes, had opposed her ideas to remove tax breaks for house buyers.

However she thinks such incentives should be in place now, despite the Government’s intention to remove them.