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28 May 2012

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Spanish house prices still falling in 1Q

Housing prices in Spain remain in free fall in first quarter, dropping 2.5% against 4Q10 and 4.6% compared with 1Q10, according to the Development Ministry. Prices across the country are now on average 15.4% below 1Q08 levels. Sharpest declines have come in Madrid and along the Mediterranean coast.

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