| From Emportal.rs: The distribution of unsold residencies will play a key role in the recovery of the real estate market. Based on the scenario that real estate prices will be reduced up to 10% in 2009-2010, Bank of Greece estimates that unsold estate can reach 40.000 in 2010 (from 137.000 in 2008).
According to experts the selling demand will focus on real estate that have not been sold during the previous two years, the prices of which are expected to drop up to 10%. What will play an important role to buying interest is the preservation of bank interests in low levels........Full Article: Source
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