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How to fix Spain’s real estate problem

Posted on 22 November 2011

Spain is suffering from a real estate hangover. One of the biggest problems facing Spanish banks is what to do with the real estate loans and foreclosed properties left over from the construction boom and bust. Now the opposition People’s party, which is expected to decisively win elections on Nov. 20, is said to be mulling the creation of a state-backed bad bank.
Such an approach has been tried in Ireland with mixed success. It would be a high-risk strategy for Spain………………………………………..Full Article: Source


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


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