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The Banks Reduce Their Investment in Real Estate by 25% Due to Covid

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The Covid crisis has directly affected real estate investment. Specifically, the volume of loans to property developers fell to 7.5 billion euros in 2020, which represents a decrease of 25% compared to the figure registered a year earlier.

That is due to the decrease in activity as a result of the general lockdown, as well as the uncertainty generated and the fear that some projects will not end up going ahead, according to financial sources speaking to Vozpópuli.

Read the full article in Spanish.

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