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Property absorbs 50% of all private investment in Spain

Article Date : Saturday, April 30, 2005       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

A new study by the BBVA Foundation reveals that property absorbs 50% of all Spain's private investment. Over the last 40 years Spaniards have tended to invest in private property over other alternatives but the trend has become more acute during the last 10 years. The report points out that "Property attracts a high percentage of overall investment, with potentially harmful consequences for future productivity".

Spanish mortgage lending powers ahead in January Spanish mortgage lending in January increased by 23% compared to the same period in 2004, according to the National Statistics Office.

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