Real estate price collapse
Dwellings all over the world will fall in price twice, predicts Dutch professor Pit Aihholts. He has analyzed the prices for houses in Amsterdam for the last 350 years and created a unique index.
Pit Aihholts: «The prices for real estate can do everything, but only within 5-10 years. In the long-term period they move horizontally».
Aihholts has found out, that before the oil crisis of 1979, price varied only in view of inflation. Then real estate has strongly risen in price according to Schiller’s index. And now, according to the calculations, the scientist predicts that the prices will return to the marks of 30-years prescription.
- Real cost of apartments in Moscow
- The prices for real estate or commercial value
- Unprecedented landslide of prices for dwellings for the last 16 years in America
- The most expensive apartment is being sold in the USA
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