Thursday, March 16, 2006
Daily Mail. Wed.March 8.2006
Britons who own a place in the sun were warned yesterday that the boom times are over.
Holiday properties on the Mediterranean have ´the highest risk of price falls´ in Europe, according to a survey by the Royal Institution of Chartered Surveyors. About 260,000 Britons have bought a home overseas, including 70,000 in Spain - where prices have soared 120 per cent since 1998. But the RICS´s European housing survey said house price inflation in Spain is set to slow down ´significantly´. It blames the huge number of homes being built there.
The new property hotspot is Estonia, where prices soared 28 per cent last year.
Britons who own a place in the sun were warned yesterday that the boom times are over.
Holiday properties on the Mediterranean have ´the highest risk of price falls´ in Europe, according to a survey by the Royal Institution of Chartered Surveyors. About 260,000 Britons have bought a home overseas, including 70,000 in Spain - where prices have soared 120 per cent since 1998. But the RICS´s European housing survey said house price inflation in Spain is set to slow down ´significantly´. It blames the huge number of homes being built there.
The new property hotspot is Estonia, where prices soared 28 per cent last year.
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