Spain’s markets are in a fix, and there seems to be no creditable solution in sight. In fact, there is no credit. Lending activity in the country has slowed down dramatically, having experienced its greatest fall this year (a record 2.64% decline till September). The property markets gone bust, and looks to have taken all the air out of Europe’s fourth largest economy. Borrowers keep defaulting, and homes foreclosing. The only thing that’s left soaring here is the national unemployment rate (22.6% at present vs. 7.9% in summer 2009).
Posts Tagged ‘spain real estate’
Spanish Banks UNABLE to Sell Toxic Real Estate Assets
by K.Campbell-Overseas-Property-Mall on Thursday, November 24th, 2011 in European Property, Spanish Property
Property Grand Prix – Spain
by OP-Mall on Monday, April 28th, 2008 in Spanish Property
Formula 1 fans were able to tab into another great race the weekend just gone with the Spanish Grand Prix seeing another strong Ferrari win. This time the boys with toys were trading podium places from the last race in Bahrain with Kimi Raikonnen bringing home another win for the red team.




