Spanish Home Sales Decrease In June

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11:46 GMT

Aug 2008

Spanish Home Sales Decrease In June

(RTTNews) - Spanish home sales decreased 29.6% year-on-year in June, the National Statistics Institute, or INE, said Thursday. Similarly, the number of new mortgages granted for home building declined 37.7%. This follows a 34.3% fall in home sales in May and 36.2% fall in new mortgage approval.

The decrease in home sales indicates the Spanish housing market is struggling to survive in a disturbed financial market conditions.

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