Spanish banks see value of property fall in June 2009

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Published 2009-09-07 01:09:28

Spanish banks have seen the value of their property portfolio decrease in June for the first time in over 10 months of consecutive growth |Spanish banks see value of property fall in June 2009 According to new data issued by the Bank of Spain, local lenders owned real estate worth some EUR 20.3 bn in June, representing a decrease of 1.5%, or EUR 311 mln, compared to May 2009. However, the figure is still 8% higher than the same period a year ago. The financial crisis in Spain resulted in real...

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(Barcelona Reporter)

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