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Spain housing slump shows no sign of abating

Posted on 29 September 2011

The slump in Spain’s property market showed no sign of improving in July as mortgage approvals fell to their lowest in at least eight years, though the beleaguered economy saw some respite from a solid tourist season, official data showed last week.
The number of mortgages approved in Spain’s once booming housing sector plunged 44.2% from a year earlier to 46,980 in July, the lowest since the data series began in 2003……………………………………….Full Article: Source


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