Foreign investment declines in Spanish real estate

Foreign investment in the Spanish real estate market amounted to EUR 3.07 bn in the first eight months of 2006, representing a decline of 16.2% compared to the year before, according to the Spanish Central Bank. At the same time investment by Spanish real states groups abroad almost doubled between January and August 2006, rising from EUR 729 mln in 2005 up to EUR 1.38 bn in 2006.

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