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Spain’s property prices continue to decline

Posted on 17 December 2012

Spain’s ailing property market showed little sign of recovery on Friday, with the latest figures showing house prices were down about 15 percent in the third quarter.
The collapse in the country’s real estate market in 2008 sparked Spain’s financial crisis as banks and homeowners were trapped with toxic loans and property they could not sell on. Public debt levels then rose to worrying levels as the government rushed to prop up the ailing lenders………………………………………Full Article: Source


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