House prices in Spain could fall by 12 per cent, says S&P

2nd June 2010, Comments 0 comments

The Spanish property market crash has not yet hit bottom. The Standard & Poor’s rating agency believes that the country is still “a long way to go,” and that prices could still fall another 12%. The authors believe that “the massive stock of supply” of housing around a million homes, according to some estimates should have ...

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