ith Spain's real estate market expected to take years to recover from the global economic crisis, Spain's banks — which now are the largest holders of property — are expected to offer discounts as high as 50% on repossessed properties in 2010. With more than 1.5 million properties on the market, and double digit unemployment rates, analysts predict that property prices in Spain will continue to fall through at least 2012. For more on this, see the following article from Property Wire.
spain real estate
Benidorm, Spain
Banks in Spain, now the country’s biggest property owners having re-possessed so many homes, will have to offer discounts of up to 50% in 2010 if they are to shift their stock of real estate, according to a new report.
