Property prices are still crumbling in most countries, but there are some reasons for cheer
The economic crisis caused a median house-price decline of 7%, this concluded the IMF who compared house price before and after the crisis.
Some countries suffer more from the crisis, for example Latvia who experienced an annual decline of 60% after the crisis and Estonia experienced collapses of almost 40%.
Still hope isn't lost, because according to The Economist's house-price index some countries have house prices who are high compared to historical standards.
The IMF was unable to give an answer on how much further prices will decrease because it varies in each country but they concluded that a sharp recovery is not likely to happen.
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Name: Nathalie De Braekeleer
Property prices are still crumbling in most countries, but there are some reasons for cheer
The economic crisis caused a median house-price decline of 7%, this concluded the IMF who compared house price before and after the crisis.
Some countries suffer more from the crisis, for example Latvia who experienced an annual decline of 60% after the crisis and Estonia experienced collapses of almost 40%.
Still hope isn't lost, because according to The Economist's house-price index some countries have house prices who are high compared to historical standards.
The IMF was unable to give an answer on how much further prices will decrease because it varies in each country but they concluded that a sharp recovery is not likely to happen.
Mentioning your source is alright, but I would have expected more creativity. Some sentences are exactly the same, not even paraphrased in the slightest...
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