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Aurelio Jiménez, the editor of the economics blog, Blog Salmón, believes that the government’s intervention in the housing market has kept prices at an artificially high level.
According to Jiménez more precipitous falls would have been possible without what he calls “the erroneous creation of Sareb” which has “stopped the free adjustment between supply and demand”.
In his opinion the government has blocked the necessary readjustment in Spain’s real estate prices and the definitive implosion of its property bubble.
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These are the sources for this article Katy
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