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Global real estate remains under pressure

Posted on 14 June 2012

The state of the global economy continues to pressure residential property markets around the world, with global home prices declining on a year-over-year basis in Q1 2012.
The real estate market in Europe has been most affected, says a Scotiabank report“Fiscal austerity measures, rising joblessness and tight credit conditions have sidelined potential buyers, even as central banks maintain highly accommodative monetary policy settings,” says Adrienne Warren, senior economist, Scotiabank………………………………………..Full Article: Source


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