Residential property prices drop in the Q4 2011
Residential property prices drop in the fourth quarter1 Advertised property prices fell on an annual basis by 2.0% in the fourth quarter of 2010, mostly on account of declining apartment prices. The decrease followed three quarters of persistent growth, so that for 2010 as a whole, the Bank’s index increased at an average rate of 1.1%, following a drop of 5.0% in 2009 . Although the decline […]