Jan. 15, 2014
According to the portal idealista.com, Spain and Italy in 2013 became champions by falling property prices among the most developed countries in the world, writes ee24.com citing kyero.com. In Spain, prices fell by 5.3%, and by 30% compared with the peak values, in Italy - by 5.9% and by 12.2%. Crisis has not spared the Netherlands, where the decline amounted to 4.8% and 19.2%, respectively.
British weekly The Economist believes that the real estate in Spain and Italy may go down by another 10%, while in the Netherlands - even by another 19%. But there is more to come, because the magazine experts believe that the UK, Belgium and France are the most overvalued markets in Europe.
Let's recall that Spain and Italy last year were called among the worst real estate markets in the world, while house prices in the UK increased, but remained stable in France.