Loading ...The European house price boom ‘is over’
6 octobre 2009 12:36 - Le buzz immobilier
“The great European house price boom ended in 2007 according to a new report predicting storm clouds on the horizon for the Continent’s property markets. Only Cyprus and Iceland saw house prices outstrip the previous year’s performance, according to the Royal Institution of Chartered Surveyors report, which called the end of the property goldrush.
Report author Michael Ball said: ‘2007 will probably go down in history as the year that the great European house price boom ended. ’The year started so strongly on a wave of optimism but ended bleakly for housing markets in virtually every country. ”Purchasers could no longer afford to buy at ever-rising interest rates. Housing markets either froze as a result or prices started to slide.”
The European house price boom ‘is over’ le 6.3.2008
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