Daily Archives: March 20, 2012

Banks Accumulate 140,600 Properties That Might Reduce in Price by 35%

  Banks have accumulated 140,600 finished Spanish real estate assets that could already be for sale.  The banks' portfolio of Spanish properties for sale has a rough value of 26,700 million euros, but in little more than a year it will be devalued by 35%, according to the firm CB Richard Ellis.  This is the provision that the executive branch of government demands for finished housing in i