Repossessed Spanish homes fall in value

Author (Person)
Series Title
Series Details 19.4.12
Publication Date 19/04/2012
Content Type

Repossessed properties in Spain were selling for about half their original value and were likely to continue to fall in value, according to a new report from rating agency Fitch issued April 2012, underlining the parlous state of the real estate market in Europe’s fourth-largest economy.

Spain’s housing bubble burst in 2008 and the collapse of the real estate sector has been a significant factor in the country’s serious and continuing economic problems.

Related Links
El País, 21.6.12: Pioz, the 7,058 year mortgage (via PressEurop) http://www.presseurop.eu/en/content/article/2217981-pioz-7058-year-mortgage

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