Zapatero says housing prices have hit bottom

September 23, 2010 at 1:00 pm

Zapatero defended the Spanish government’s commitment to reduce the deficit a couple of days ago and now is saying in an interview to American TV CNBC that prices have stopped falling.

He adds that “in fact, in some parts of Spain where people buy their first homes, prices are rising”. This is a signal, according to Zapatero, that demand appears to be increasing.

The Prime Minister has made a tour of American financial institutions to reiterate the fact that investment in Spain is a safe option. The President has explained that he has succeeded in changing the perception of international markets, which “had a very exaggerated view of the situation in Spain.”Spanish debt is “safe and profitable,” he insisted after showing his confidence that the upcoming bond issues will have a good result.

The Prime Minister stressed that his Government had “implemented fiscal consolidation measures and decisions taken” serious and very hard “against the deficit.

Click here to see the video of the interview Zapatero gave to CNBC.

Entry filed under: Economy, Housing, News, Real estate, Video. Tags: bottom, CNBC, economy, housing, interview, prices, zapatero.