Spanish house prices in freefall, amidst struggling economy
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Spanish house prices continue to slide, as the economy slumps deeper into recession mainly due to weak demand and stringent austerity measures.
In June 2012, Tinsa’s IMIE general house price index plunged by 10.8% from the same period last year. House prices in Spain have fallen by about 30.4% from the peak levels seen in December 2007. By region:
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