Spain House Prices May Fall 52% in Economic Stress, Moody’s Says
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Spanish house prices may decline as much as 52 percent in a period of economic stress, according to Moody’s Investors Service.
The forecast decline is based on a model combining factors such as homes price increases in the last 10 years and unemployment rates, analysts including London-based Nitesh Shah said in a June 6 note. U.K. home prices are the second most at risk in Europe, facing the prospect of a 42 percent drop.