Spanish builders go on diversification shopping spree

Spain's real estate companies are increasingly eyeing major acquisitions abroad to diversify in the face of a slow-down of their staple activity. Building homes has always been where the money has been made in Spanish real estate. Offices, sports centres, shopping centres are also lucrative, but the main market is constructing villas, mainly for those northern Europeans who have always dreamed of a retirement home in the sun.

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