30.03.2009 - Severe adjustment in Spanish property market likely to continue

From Propertywire.com: The residential property market in Spain is continuing to suffer a severe adjustment with property prices falling, rental demand down and real estate that is selling is doing so at a heavy discount, according to analysts. The economic crisis, unemployment and mortgage loan restrictions mean that recovery is unlikely soon with the lack of financing being the biggest obstacle to recovery, according to a report from CB...........Full Article: Source

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