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Spanish rents fall in worst housing glut since 1950s

Posted on 23 July 2009

From Bloomberg: Arancha Ibarra considers herself one of the lucky victims of Spain’s housing collapse.

After struggling to find a buyer for her renovated two- bedroom apartment in Madrid for two years, Ibarra found a tenant for 750 euros ($1,066) a month, becoming one of the 1.5 million second-home owners thrust onto the country’s rental market………Full Article: Source


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