Thursday, July 16, 2009

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 :)

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