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By h.b. - Apr 6, 2007 - 7:01 PM
Flats under construction in Madrid - Archive Photo EFE
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Levels have fallen back to those seen in 1994
Real Estate sales of homes in Madrid have fallen back to levels last seen in 1994, according to a new report from the Madrid Chamber of Commerce.
The report indicates that residents of the capital are tightening their belts, and have as a consequence also spent less on more expensive purchases, such as electrical appliances, of late.
The indications of recession however are challenged by other numbers which show that spending over the Easter period has increased slightly, with leisure activities, restaurants, clothing and footwear sales all on the up.
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