Thursday, April 11, 2013
Euro-Zone House Prices Keep Falling
It may not come as a particular surprise that house prices in large parts of the euro zone fell in the fourth quarter of 2012 but given that they have been declining for some time it's still surprising to see just how much they have continued to fall. House prices in Spain were 12.8% lower than in the fourth quarter of 2011, while in Portugal prices were down 6% and in Italy they were down 4.6%. And the latest hotspot for house price crashes? Slovenia - which already has a troubled banking sector.