Just Wednesday, Beatriz Corredor had told parliament that, bottoming out is the sharp housing correction which had recently sent Spain's economy into a serious down spiral.
A trend toward stabilization had been noticed recently, according to Corredor. Once a buoyant housing market, Spain's real estate industry had collapsed just last year.
This had occurred just as the global crisis had dealt one of its hardest blows to the world, in general. A correction of which had already been underway, had also been worsened.
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