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Spain’s real estate crash gathering speed

Posted on 16 April 2012

Spain’s property market has been crashing in slow motion. Now the decline is accelerating.
House prices are down between 22 and 29 per cent from the 2007 peak, according to various indexes, against roughly 50 per cent in Ireland. But there was an 11.5-per-cent year-on-year fall in March, according to Tinsa, the surveyors. And the trough probably still hasn’t been reached………………………………………..Full Article: Source


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