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Global house prices still slumping warns IMF

Posted on 10 October 2012

Global house prices are still falling in many countries four years after the downturn and the peak of the property bubble, according to a survey by the International Monetary Fund (IMF).
The outlook still looks gloomy for many of the world’s strongest economies with Europe particularly suffering from the rapid decrease in global house prices, says the IMF, but some markets have started to pick up again – with the USA and Brazil seeing some of the biggest price hikes………………………………………..Full Article: Source


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