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How Bad is the Spanish Property Market?

01/16/09 22:58
The global credit crunch, together with an oversupply of homes, have forced the Spanish property market deep into a worsening housing crisis.

Real estate agents who once sold properties in a heartbeat are now struggling to sell them--even at prices slashed down by up to 40%.

Is there hope, though? Some analysts think there still is. The real estate market will recover, according to them, so it's best to wait and just wait.

Link: How bad is the Spanish property market? - Times Online

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