| From Fly-2let.co.uk: Cash rich Fly to Let investors will be studying the slide in the world’s housing markets to see if there are opportunities to snap up bargains in places where property prices are most likely to rise again in the near future.
According to Globalpropertyguide.com the tumble in the financial markets caused a fall in inflation-adjusted house prices in 21 out of 33 countries during the year to end-Q2 2008. The Baltics, the US, the UK and Ireland led the global decline but the biggest house price declines took place in Latvia, previously a leader of the global house price boom. House prices in Riga have fallen by 21.23 percent in nominal terms during the year to end-Q2 2008, and 33.08 percent in real terms...... Full Article: Source
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