16.06.2009 - Prices of real properties in Europe to drop by 40%
From Standartnews.com: Over the next few years, the prices of real properties in Europe will fall by 30% or 40%, according to a survey of the leading U.S. economic analyst RGE Monitor, as quoted by DW and expert.bg. Worldwide, the real estate markets have been tormented by economic slowdown and credit crunch. RGE Monitor quotes as saying that the real estate prices in most European countries will fall by ten or fifteen percent by next year and this trend will continue over the next four or five years with a total slump in the real estate prices of up to twenty or thirty percent.......Full Article: Source
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