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Spain property-sale efforts face a snag

Posted on 24 April 2013

Facing a bank eviction, Pepi Cáceres began to pack up her family’s belongings to move when they were spared at the last minute by a decree by the leftist leadership of Andalusia, Spain’s largest autonomous region.
Defying the conservative central government in Madrid, Andalusia this month implemented measures that will temporarily stop evictions and penalize banks and real-estate firms for holding hundreds of thousands of vacant properties. It favors people hurt by Spain’s recession over of the interests of the country’s lenders, including many that have received government bailouts………………………………………..Full Article: Source


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