Real Estate market: Prices and Activity continue to decline (December 12, 2011) | Eurobank
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Real Estate market: Prices and Activity continue to decline (December 12, 2011)

• The recession has affected the real estate market and the construction sector harder than the rest of the economy.
• Residential prices and volume have decreased further in Q3 2011.
• Housing rents stabilise, while commercial rents have fallen significantly.
• Investments in residential construction have fallen to historical lows in 2011.
• Employment is declining fast.
• Construction costs remain high, especially the materials cost.
• Mortgage rates are increasing and credit availability is constrained.
• Business expectations are at historical lows territory.