Relevant:
- Spanish Home Sales Declined for Third Month as Unemployment Rate Tops 20%
- Stiglitz Calls "BS" On Spanish Bank Bailout
- Backseat Sex Ads Urge Young Spaniards To Get A Room: Mortgages
- Foreclosed Home Sales in Spain to Triple Next Year; Steve Keen Comments on Foreclosures in Australia
- Spanish Housing Mortgages Declined 24% in October
2012-04-25 — silver-prices.net
But since the frenzy drove Spanish home prices to a peak in 2007, they have fallen by at least one-fourth, and the bottom seems nowhere in sight. As Spain endures its second recessionin three years and unemployment nears 25 percent, an increasing number of debt-heavy Spaniards can no longer meet monthly payments on the mortgages that their banks were all too eager to give.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
