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Spanish bad bank faces struggle to lure property investors

Posted on 05 November 2012

Spain’s “bad bank” will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid’s attempts to overcome the wider economic crisis.
Real estate consultants predict that almost two-thirds of assets that the government’s newly-created bad bank is due to take over from commercial banks will fail to attract investors, at least in the short term and possibly ever………………………………………..Full Article: Source


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