Increases in the Euribor ( over 58% from a year ago) are making a precarious housing market seem even more unsteady. Jean Claude Trichet also keeps intimating that interest rates may well increase, the wrong decision in my opinion.
The Spanish Government is trying to improve the sentiment in the money markets by revealing that the housing glut will be reduced to 200,000 in 2013, for this to be accurate 300,000 homes need to be sold per yer.
Good luck.