Spanish banks turning into property companies

Article Date : 30 December 2008

Spanish banks are turning into some of the biggest real estate companies in Spain, just as they did during the last property crash of the late 80s and early 90s. To a greater or lesser extent, banks are running some of Spain’s biggest listed developers, companies like Colonial and Metrovacesa, who were forced to throw...

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Article provided by Spanishpropertyinsight.com.
Read the full article here: http://feeds.feedburner.com/~r/SpanishPropertyBuff/~3/498520754/

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Spanish banks turning into property companies

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