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      Spanish house sales drop sharply


      the property market has been the main driverge of economic growth over the past decade, but analysts say spanish house prices are still up to 30% overvalumped .
      spanish house sales slumped by 26.3% in the year to july, according to official figures .
      mortgage lending plunged by 33.2% to 10.2bn euros ($14.9bn; Â8.1bn), said spain's national statistics institute .
      spanish house prices declined 0.3% between april and june, according to official figures from the country's housing ministry .
      Generated 2008-9-28_20:49





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