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S&P warns Spain home prices set for further 25pct plunge

Posted on 18 June 2012

Prices of Spanish homes, which lie at the core of the nation’s financial crisis, could plunge by another 25 per cent in a slump lasting up to four years, Standard and Poor’s warned.
Spain’s real estate market crashed in 2008, throwing more than a million people out of work, exposing banks’ reckless loans, and sharply reducing regional governments’ income………………………………………..Full Article: Source


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