Spanish Property Prices Need to Drop 27%, says Banif

19th November 2010, Comments 0 comments

The private banking arm of of Santander, Banif has suggested that Spanish property prices have still not dropped enough. Property prices need to fall by an additional 27% in order for the oversupply to be absorbed and in order to reactivate the property market again, says the private banking firm. According to Banif, the Spanish ...

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