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European housing markets ‘remain extremely depressed’

Posted on 21 December 2012

Many European housing markets remain extremely depressed, and continue their rapid spiral downwards, the Global Property Guide has reported. House price falls are accelerating in Greece, Spain, Netherlands, Portugal, Croatia and Lithuania, said the property research company.
Of the 23 European countries included in its regular survey, 14 recorded house price falls in the third quarter of 2012 while only nine experienced house price increases. The nine weakest housing markets in the survey were all in Europe. Meanwhile the Asian housing market surge has weakened. Seven of the 10 Asian housing markets included in the survey performed worse this year than last - although the survey indicated that Asia ’s biggest housing market, China, was recovering………………………………………..Full Article: Source


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