Thursday, January 17, 2008

Fall in Spanish builders overdone

(Reuters) - Fears of a Spanish property meltdown have knocked shares in the country's big builders in recent months, but stocks are unlikely to bounce back in the short term despite their limited exposure to real estate.

Yet analysts say Spain's major builders have been punished by association, despite having built a major presence in non-cyclical sectors such as power generation and having geographically diversified into regions like Eastern Europe.
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Property in Spain

Spanish real estate articles

Marbella real estate net