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Welcome to El Hell

By and Hardeep Sandher Hardeep Sandher Hardeep SandherGlobal October 2009

Homes without owners: Spain overdosed on residential development, and has been left with a surfeit of empty, unwanted properties

Source: Getty Images

Spain has crashed harder and faster than any other property market in Europe. Hardeep Sandher reports from Madrid on how the banks have taken control, and asks whether the REIT regime has arrived too late

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