Tuesday, 13 November 2007

Nordea View In Late 2003...

"Even though housing prices in Finland have risen at a faster rate than people's earnings, a possible price reduction seems very unlikely, surmises the Nordea banking group. Housing prices are rather expected to continue on their upward trend. The longer the interest level remains low, the greater is the risk of overpricing and a bubble in the residential market, ", Nordea economists have warned in 2003.

source: hs

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