Banks predict more steep prices falls in Spanish property market
|Wednesday, 10 June 2009|
The Spanish property crisis is set to deepen with a new report from the country's second biggest bank predicting that residential real estate will fall 10% this year and another 12% next year.
The report from BBVA estimates that by 2012 overall property prices will have fallen by 30% since their peak. It also points out that despite the Spanish government spending 2% of GDP on stimulus p.......
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