Nuroa examines the reality of the industry in both countries, which are two completely different scenarios. Spaniards and Germans, Germans and Spaniards… are we really that different? These two nationalities as extreme are often faced differently when it comes to the lifestyle or dealing with Economic Affairs. The culture of hard work, thrift and Germanic severity in stark contrast to the relaxed lifestyle, the Mediterranean character and the culture of the tapas bars, which is according to the stereotypes in Spain. Differences are particularly stressed when it comes to the economy. But these stereotypes are really true? Nuroa has investigated the real estate market in both countries to see whether Spain and Germany really so far apart. After the real estate boom that has plunged the country into a deep crisis, Spain’s economy is still in crisis. The real estate market is still posted, what is in the vacancy is reflected and the falling prices.
According to the meta search engine Nuroa, he fell Square meter price by 20% (between October 2011 and October 2013) and the end of the downturn is not yet in sight. During the last quarter (August to October) the square meter price by another 1.45% fell in Madrid, according to the price analysis tools by Nuroa.es. The vacancy is a sensitive indicator of the State of the Spanish real estate sector. The figures speak for themselves: it is estimated that the land and empty buildings in Madrid have a potential of 12 billion euros. According to the most recent report of the Bank Caixa Catalunya, 800,000 completed homes for sale, which can find no buyers, and about half-a-million building, which were not completed because of the crisis are all over Spain; “so-called ghosts building”, concrete skeletons, which were occupied in many cases and looted in more cases. Empty shells which long shadows on landscapes and cities.