Business Services Industry
European rendezvous.
Australasian Business Intelligence, July, 2006
Byline: Helena Keers
Jul 27, 2006 (AFR Smart Investor - ABIX via COMTEX) -- Increased interest rates and a decline in house prices may quell the Australian property market until 2008. The European Central Bank reports that in the last year, there was a 7.6 per cent increase in Europe's real estate prices. Investors are advised to be wary of Eastern Europe, due to lack of infrastructure and title risk. Germany is worth considering, due to the overcapacity that emerged after reunification. The OECD estimates that Germany's houses are undervalued by 26 per cent. Aspiring investors can get help from German Property Investors.
Publication Date: August 2006
EUROPEAN CENTRAL BANK
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT...
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