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The Bursting Housing Bubble, 28 minutes, 2007 (Ref: 115tvc) |
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The global real-estate
boom that started at the beginning of the decade has
driven prices to dizzying heights and led to massive
housing construction in some parts of the world. But
now the property bubble seems about to burst in the
most over-heated areas. The market is already
sluggish and prices, new mortgages and sales are all
dropping. In Spain, where the biggest construction
boom has taken place, builders, promoters,
real-estate agents, bankers, property owners and
experts on the subject agree that the market has
turned. Weakening prices are a sign of the times.
Right now, a combination of rising interest rates
and sky-high prices make buying a home a gruelling
ordeal. Many potential buyers have simply been left
out of the market. |
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| More Stories about World Economic Issues |
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Drowning in Oil,
Ref: 110tvc |
North Korea: The Great Dream,
Ref: 702 |
China: A Hard Days Wok,
Ref: 692 |
Ecuador: A Cowboy's Story,
Ref: 685 |
Dubai: Building a Dream,
Ref: 679 |
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Africa: Investment Horizons,
Ref: 677 |
Made in Pakistan,
Ref: 676 |
Africa: Open for Business,
Ref: 675 |
Jade: The Stone of Heaven,
Ref: 661 |
Spain: Underwater Treasures,
Ref: 657 | |
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