Monday, 7 January 2008
Estonia : 1990 Replay ?
"There are further signs of a slump in the Estonian housing market as last year figures showed that sales of homes have sharply slowdown."
"This year the trend will continue with a possibility of recession in the shadow. Some people are already struggling to meet their mortgage payment and the number of repossession is on the rise."
"House price have been declining and according to a local economical newspaper, the situation will still continue through 2008 and 2009."
Source : Kauppalehti
Related: Baltics, the trigger?