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House price tumble across the world in March quarter as Australia’s downturn stretches to longest in a decade

Posted on 13 June 2012

The world’s housing market decline accelerated during the March quarter, with house price falls in 26 countries and house price gains in only 10. Over the year house prices had fallen in 24 countries of the 36 countries for which house price statistics are available and rose in only 12 countries during the year to the first quarter of 2012, according to the Global Property Guide’s latest house price indices survey.
It noted Australian house prices fell for the fifth straight quarter to be down 6.04% from a year earlier, the longest downturn for a decade………………………………………..Full Article: Source


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