Spanish Real Estate and Homebuilding Stocks Are on the Downside

The price bubble in the Spanish real estate and homebuilding stocks began to burst in in 2006 and by early 2007 most of sector was on the price downside. And once the downsides began, they continued at a swift pace leaving a few stocks down over 70 percent is less than one year.

Spanish Real Estate and Homebuilding Stocks
Company & Web Site	Quote	Peak & Date	Peak Date	1/28/2008 Close	Percent Decline
Grupo AISA	AISA.M	33.50	11/4/2007	3.25	90.3%
Astroc Mediterraneo, SA	AST.M	72.60	2/26/2007	2.55	96.49%
InmobilIaria Colonial	COL.M	9.96	5/10/2006	1.63	83.63%
Inmobiliaria del Sur, SA	ISUR.M	95	2/12/2007	38.00	60%
Metrovacesa	MVC.M	134.95	12/18/2006	82.45	38.90%
Montebalito SA	MTB.M	27.90	2/6/2007	8.14	70.82%
Parquesol Inmobiliaria y Proyectos	PCL.M	28.25	1/9/2007	17.99	36.32%
Renta Corporation Real Estate, SA	REN	39.32	2/19/2007	10.29	73.83%
Note: All data from the Madrid Stock Market as of January 29, 2008. Prices in Euros.

Related Articles:

Price Patterns - A Bubble Top Is an Extreme Pattern
Homebuilding Stocks
Homebuilding Stocks - Articles on buyupside.com
United Kingdom Homebuilders Are on the Downside

Posted January 29, 2008.