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Real Estate Briefing - Categorized | Europe, Market Moves, Performance more

Latvian property market was world’s worst in first quarter

Posted on 03 June 2009

From Bloomberg: Latvian property prices plunged the most in the world in the first quarter as the economy fell into the steepest recession in the European Union, a survey by Global Property Guide showed.

Average apartment prices in the Latvian capital, Riga, plummeted an annual 50 percent in the first quarter, the survey showed. The second-worst performing property market was Dubai in the United Arab Emirates, where house prices fell an annual 35 percent in the quarter…….Full Article: Source


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