By Judy MacInnes

MADRID
SPANISH existing housing prices fell 7.22 percent in 2008, property web site Facilismo.com said yesterday. “The year 2008 has been ominous for our economy and there is no doubt that the real estate sector has been the most punished,” said Facilismo.com operations director Juanra Doral. “But against the backdrop of the global crisis, the year-end situation offers a window of hope, with the euribor declining and the possibility that banks might begin to facilitate mortgages,” he said.

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