The Spanish press reports that Metrovacesa’s sales rate has fallen from 8 properties per working day last year, to just one a day now.
Metrovacesa’s income has collapsed 76% as a consequence, to 45.4 million Euros.
Metrovacesa is one of the biggest residential property developers in Spain, and is listed on the Madrid stock exchange.
About Mark Stücklin
Mark Stücklin is a Barcelona-based Spanish property market analyst, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008).
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