"Even before the latest rise in borrowing costs, some of Europe's strongest housing markets were showing signs of weakness. Spanish home starts plunged 21 percent in May, virtually wiping out growth for the year, while Irish house prices suffered their first annual decline in at least a decade in July."
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Article : http://www.bloomberg.com/apps/news?pid=20601103&sid=aEM9on7P5400&refer=us |
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