New sting in Spanish property collapse

Updated

Spain's pain is getting worse, particularly for expat British property owners trying to flog their overseas home. A combination of a crashed Spanish housing market - values have slumped by up to 70% on the Med coast - the drastic change in exchange rates and worry over Spain's economy is seeing many attempt to sell up or re-jig mortgage terms.

But there's a big new sting in the tail for some.

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