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The Masked Tulip

The European House Price Boom 'is Over'

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Euro house: Europe's property market has boomed as investors and second homeowners piled in - but the party is over says a new report

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.'

Poland saw the fastest rising house prices with 28% inflation last year, but the report warned the country's prospects had shifted sharply to downbeat in the second half of the year

Former boom nation Ireland was the worst performing European country with house prices falling 7% last year, while the previously strong performing Baltic states were also hit hard.

Full article here:

http://www.thisismoney.co.uk/mortgages/hou..._id=57&ct=5

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The debt mountain built on the housing edifice is at the point of collapse. The avalanche that will follow will destroy the paper thin illusion of the security of fiat money for all time.

this isnt the first fiat debt bubble, and it probably wount be the last. so what makes you think this is the one that will destroy fiat :rolleyes:

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this isnt the first fiat debt bubble, and it probably wount be the last. so what makes you think this is the one that will destroy fiat :rolleyes:

I suspect he thinks it's 100% correct, guaranteed *cough*. No idea what made me think if that.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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