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Polish property prices plummet

Posted on 11 February 2013

The on-going Eurozone debt crisis in Poland is having a disastrous effect on the property market with prices plummeting since 2008. House prices in Warsaw have fallen by 13.1% in that period but the biggest casualty has been the city of Lodz which saw its house prices plummet by 35.7%.
Poland is not alone in Europe for seeing dramatic property price falls but recent economic data show the situation could get a lot worse. As one of the few countries to avoid dropping into recession during the global financial meltdown and the economy even grew fairly strongly between 2008 and 2011………………………………………..Full Article: Source


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