Spanish and Italian Freeze

Here is another article from last weekend, this one from the Financial Times. The article details how Spanish and Italian commercial real estate transactions nearly stopped in the second quarter:

Only three property transactions were registered in Spain during the second quarter, down from 58 deals in the previous quarter. In Italy the slide was even more pronounced, with just two buildings being traded during the period, down from 56, according to data from Real Capital Analytics.

The article is a short, sobering read.