HSBC sees red at the end of 2008. Indeed, for Helen Lemoine specialist real estate market, housing prices are not ready to return to the upward paths.
Several reasons: falling sales, falling prices, rising unemployment, credit conditions ...
House prices New expected to drop 5% in 2009 and 7.5% in 2010. The specialist said that these reductions are enormous because at the last real estate crisis, the maximum annual decline was only 2.4% in 1994. Nothing good for years to come then ...
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