31.07.2009 - REITs a poor remedy for Spanish property slump
From Reuters: Spain's real estate investment trusts will do little to attract foreign investors or soothe its catatonic property sector before an expected economic rally in 2011, even if they do help detoxify distressed banks. "We should have had them (REITs) two or three years ago. They are locking the door after the horse has bolted," said CB Richard Ellis' Iberian research head, Edward Farrelly..........Full Article: Source
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