Comparing stats and garnering opinions he points to a buyers market where vendors need to adjust their price expectations and where a clear oversupply of product will further the current price stagnation.
No huge crash though:
Based on the Spanish government’s figures, it looks like the Spanish
property market is on course for a soft landing, in which property prices will
rise in line with general inflation.
Rather than me misquote him, read the full report here. It is well worth it.