Past Real Estate Downturns

Here is an interesting article from a leading Spanish bank on the European real estate downturns during the last decades. These are family homes, not commercial real-estate. While the article is in Spanish it is easy to read, just look at the table and the numbers:

• Finland: 1983-1993 --> 50% downturn
• Netherlands: 1978-1985 --> 49% downturn
• Japan: 1991-2007 --> 41% downturn

What goes up, must come down :)