MADRID (Dow Jones)--New home sales in Spain have fallen 30% between August and October as one of the euro-zone's biggest housing booms comes to an end, according to G-14, an association of the country's 14 largest construction and real-estate firms.
In a meeting Wednesday with journalists, G-14 Chairman Pedro Perez Fernandez said new home sales slowed around 15% in the first half of the year.
Perez said 490,000 new homes should be sold in 2007, down from 600,000 in 2006.
