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31 May 2012
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20 June 2012
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Spanish house price correction to continue - Fitch
Spanish house prices will likely continue to decline over the near-term and remain under pressure at least until 2012, says ratings agency Fitch Ratings. It maintained its forecast of a 30% average decline in Spanish residential values from the peak in 2008. It therefore expects home prices to negatively affect Spanish RMBS transactions due to lower recoveries on defaulted loans over the near-term. (See upcoming PIE Editions for full story)