Homeowners across Europe saw the value of their properties slide last year amid plunging demand for new homes. House prices were falling in every European market by the end of 2008, according to the Royal Institution of Chartered Surveyors, although a few such as Greece and the Netherlands were still slightly positive for the year as a whole. But core markets are set to suffer “marked downturns” in 2009, according to the RICS report.

This entry was posted by Gwen Robinson on Friday, March 6th, 2009 at 4:45 and is filed under Capital markets. Tagged with RICS. Edit this entry.