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Spanish property adjustment -official data from the road show

Whereas the Minister of Public Works, José Blanco, still announcing in his particular road show that the Spanish economy is recovering and his department still convinced that the property stock is around 700,000 units, the experts in Spain work out that the stock may be around 4 million units according to the last report by RR de Acuna & Asociados.

Before the road show , Mr Blanco said to the Spanish media that he was sorry that 70% of the stock was second residence. Some maps are very interesting.

Please find the Minister’s statement in the following link. Some figures are interesting…but do not trust them too much. The Minister’s mission is a purely a commercial one: Spanish Minister road show presentation

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