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Real Estate Briefing - Categorized | Finance, Performance more

More pain befalls Spanish real estate market

Posted on 16 May 2011

The Spanish property market continues to suffer acutely, according to the latest reports. Some 600,000 homes are currently languishing on the market unable to find a buyer, and a further 200,000 partially completed properties are in the same boat. Most of these are in the popular holiday areas.
According to the Bank of Spain, house prices in the country have fallen 17% since 2007. While this may be good news for buyers, sellers are forced to slash their prices much further before they can even think about getting an offer……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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