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Official statistics show that in the third quarter, house prices fell by 15.2% compared to the same period last year. Spanish economy expected to shrink by at least 1.5% this year. While continuing efforts of the banking sector provisioned subprime related scottish house prices to the property sector, amid forecasts that house prices will continue to collapse.
The rating agency scottish house prices Moody's predicts that because of the economic downturn, continued austerity measures and a lack of bank financing, scottish house prices the number of defaults on mortgages and corporate loans related to property, will continue to grow next year.
Spanish banks recently agreed to suspend evictions of borrowers scottish house prices from their homes because of escalating public discontent and frequent suicides of distressed homeowners. In article works: Miglena Ivanova scottish house prices / investor.bg
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