Two months have passed since rattled investors dumped property-related shares in what was trumpeted as the official end to Spain’s 10-year housing boom.
Triggered by concerns about the valuation of Astroc, a Valencia-based developer, the sell-off dragged most of the market with it as broader doubts about the Spanish economy began bubbling to the surface. Economists had long-warned that a country where construction accounted for 18 per cent of gross domestic product was on shaky ground.
