Spanish property sales have dropped 30.3% and 40.8% in the first and second trimester of the year, respectively.

Existing home sales fell 6.3% in the third quarter compared to the same period in 2010 and reached 75,462 transactions, the second lowest since the crisis began, according to figures released today by the Ministry of Development.

The bursting of the housing bubble has caused widespread job losses and has affected many banks, especially savings banks that had financed the sector.

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