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Spanish property prices to fall by a further 50pct

Posted on 15 January 2013

Spanish house prices could drop by a further 50% and may not recover for the next 15 years, according to experts. The Costa del Sol is among the worst affected areas in the country, with the total fall in values predicted to be as much as 75% in some areas.
There are 800,000 used homes on the Spanish property market, with another 300,000 having been foreclosed by the banks and a further 150,000 in foreclosure proceedings………………………………………..Full Article: Source


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