Daily Archives: November 5, 2010

Accept lower house price or face 15% losses in 2011

The recent warning from the Bank of Spain (BOS) to Spanish Banks, calling for more transparency about their repossessed property stock in order to ease the sector during this crash, is another sign of the tendency in 2011: house price may fall to the bottom to adjust themselves to the reality of the market. Banks have €181 billion of “problematic property assets” – which obviously inclu