Monday, October 12, 2009

UK House prices still 60% above their

House proud?

THE global economic crisis was accompanied by a collapse in house prices in most rich (and some not-so-rich) countries around the world. The IMF has compared house prices in the first quarter of this year with their level a year ago in 52 rich and emerging housing markets. It found a median house-price decline of 7%. The figures drive home just how savage the falls in house prices have been in many countries.

Posted by georgef @ 09:47 PM (535 views)
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