Real estate: pop goes the bubble?

  • 2007-10-29
For the first time in ten years real estate price in the Baltic states are falling. Is the bubble bursting? After reaching and even exceeding older European markets in relation to price levels and investment returns, the Baltic markets are experiencing a downswing due to many factors including; shrinking demand from a shrinking population, a rise in interest rates in line with European rates and financial institutions have introduced stricter lending criteria. Gone are the days of applying for a mortgage and disclosing both your declared and undeclared income. Real estate agent ...
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