Tuesday, April 24, 2007

Spanish Real Estate Stocks Slump, Led by Astroc on Property Market Concern

(Bloomberg) -- Spanish real-estate and bank stocks tumbled on concern the nation's property boom is imploding.

Grupo Inmocaral SA and Montebalito SA led the slump by developers of homes and offices. Banco Bilbao Vizcaya Argentaria SA, the country's second-biggest bank, and Banco Sabadell SA dropped on speculation bad loans will rise.


Read more at Bloomberg Stocks News

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