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New mortgages at lowest level in 8 years

Reuters publishes an interesting article on the Spanish Housing market today:

"The slump in Spain's property market showed no sign of improving in July as mortgage approvals fell to their lowest in at least eight years, though the beleaguered economy saw some respite from a solid tourist season, official data showed on Thursday.

mortgage - Spain Housing Slump Shows No Sign of Abating, Tourism Rises

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