09.12.2010 - Increasing supply and falling demand weighs down on prices in Portugal
From Europe-re.com: The October RICS/Ci Portuguese Housing Market Survey showed an increasing number of respondents reporting falling rather than rising prices with the headline net balance dropping from –45 to –52. Weaker price sentiment is being driven by a combination of rising supply and falling demand. Indeed, the new vendor instructions net balance remained firmly in positive territory at +23 (though slightly down from +36 in September), while the new buyer enquiry net balance fell further to –30 (from –7 previously)..............................................Full Article: Source
Print