03.07.2009 - Grosvenor says Spanish property prices need to fall another 40%
From Bloomberg: Grosvenor Group Ltd., the real-estate company of Britain’s third-wealthiest man, said commercial- property prices in Spain need to fall by as much as 40 percent before it will consider investing there again. Grosvenor, owned by the Duke of Westminster’s family trust, became a net seller of Spanish real estate when the market peaked three years ago..........Full Article: Source