Spanish real estate market recovers as banks' stocks rally

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Real estate sector in Spain lost 30% of its value since the beginning of the crisis. The government expects the economy to return to growth closer to the end of 2013 that will mean the start of the recovery on housing market. Banco Santander, one of the biggest Spanish banks, is now financing many real estate operations. Its stock price increased 65% since 2009 and 13% since June, 2013.
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