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Barclays Delays Spain’s Recovery Until 2022 and Predicts That the Listed Real Estate Companies Will Suffer

The bank has improved the target prices of Merlin and Colonial, but warns about the impact of unemployment on the Spanish economy.

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Barclays is forecasting good and bad news for the real estate sector and the Spanish economy in general. “Everything is going to revolve around the rising unemployment rate”, is the phrase that the bank is using to sum up the prospects for companies and markets and the impact on real estate.

On Wednesday, the entity improved the target prices of Colonial and Merlin Properties to 7 euros (from 6.90 euros) and 9 euros (from 8.90 euros), respectively, which it considers to be the reference players for the real estate sector on the stock market.

Read the full article in Spanish.


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