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BBVA Research analysts have revised their forecasts, now expecting housing prices in Spain to surge by 12% by the end of the year. The bank’s latest report highlights that the country’s economy is showing remarkable resilience despite the Middle East crisis and the rise of the Euribor rate to 2.8%.
For the first time in several years of aggressive growth, average rental rates across the country have declined for four consecutive months, settling at €16.3 per square meter in May.
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