Home prices in Spain may decline as much as 52 percent due to economic stress, according to Moody’s Investors Service.
The forecast decline is based on a model combining factors such as homes price increases in the last 10 years and unemployment rates, analysts including London-based Nitesh Shah said in a June 6 note.
Meanwhile, home prices in the U.K. are the second most at risk in Europe, facing the prospect of a 42 percent drop.
The house-price stress rate is among elements the New York- based rating company used to update its methodology assessing residential mortgage-backed securities transactions in Europe.
A total 27 transactions face negative rating actions as a result of the changes, the company said in a separate statement.
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