Spain's Banks Enter the Real Estate Market Lots of noise, little substance dariointernet.com Summary : 2009 The Quality of journalism in Spain is rather low if compared with that of journalism in the United States. For example, recently Spain's printed media published front page articles announcing with maximum flair and excitement that Spain's banks have entered the Real Estate Market offering apartments with major discounts . I would think a journalist before writing such garbage, should go and check if what the banks claim is actually happening! But since they didn't bother to check, I did it myself. What I found out was that these Banks overly exaggerate their claims and there is very little truth to their claims. In any case, even if there are discounts , they are on housing that is at a price range that is out of the reach of the typical Spaniard. So they are not solving anyones problems by giving a 30% discount on a property priced at 290,000 Euros....