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Spain’s underlying economic problems remain significant, with the government continuing to focus on large, upfront fiscal retrenchment in an attempt to restore market confidence. This is damaging any prospects for short-term growth, while high unemployment and large household and business debt continues to weigh heavily on sentiment. Against this fragile economic backdrop, occupational and investment demand for office space is cautious and very selective across all markets.
Source : Cushman & Wakefield
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