14.06.2012 - Global real estate remains under pressure
The state of the global economy continues to pressure residential property markets around the world, with global home prices declining on a year-over-year basis in Q1 2012. The real estate market in Europe has been most affected, says a Scotiabank report“Fiscal austerity measures, rising joblessness and tight credit conditions have sidelined potential buyers, even as central banks maintain highly accommodative monetary policy settings,” says Adrienne Warren, senior economist, Scotiabank...............................................Full Article: Source
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