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Euro zone property prices fall 2.5 pct in 3rd qtr, yr/yr

Posted on 01 February 2013

Residential property prices in Ireland have tumbled by 50 percent since their peak in late 2007, while Spain’s real estate values have fallen by almost a third, the EU’s statistics office Eurostat said on Thursday.
The data, which has been released by Eurostat for the first time, shows the extent of the property crash that followed the global financial crisis from 2008 and propelled the euro zone into its own debt crisis that nearly broke up the currency area………………………………………..Full Article: Source


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