30.11.2009 - Banks to raise provisions for properties in Spain
From Homesoverseas.co.uk: The Bank of Spain is contemplating the idea of raising provisions made by the banks for bank-owned repossessed residential properties in Spain on to their books to 30% of asset value in 2010, from 20% due to be implemented for 2009, it has been reported today. The Spain property market has endured a torrid time over the past couple of years, following a real estate boom, with values plummeting across the country.................................Full Article: Source
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