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Spanish house prices tumble

Posted on 16 March 2012

Spanish house prices tumbled at their fastest pace on record in the fourth quarter, a sign that a long-running property bust will continue to weigh on Spanish households and banks.
House prices fell on average by 11.2% in the fourth quarter from the same period a year earlier, well below the 7.4% decline in the third quarter, while prices of used homes was down 13.7% in the period, the country’s statistics agency INE said Thursday………………………………………..Full Article: Source


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