Monday, April 6, 2009

Saving the best ’til last …

House price falls add to eurozone’s woes

There's not much in this article we didn't know (i.e. prices are tanking in UK, Ireland, Portugal, Spain etc) but the really interesting bit is the last sentence: "According to the ECB report, “busts” that follow housing price booms in the main eurozone economies typically last five years." So we're in for the laong haul.

Posted by mark wadsworth @ 12:43 PM (638 views)
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