INS: Residential prices down 3.9 pct in Q1 2010

Prices of residential properties fell 3.9 pct in the first quarter of 2010 against the baseline year of 2009, reads a release of the National Statistics Institute (INS). The price decrease was noticeable for both property categories: ask prices for apartments dropped 3.8 percent in Q1 2010 y-o-y, while house prices also decreased 4.3 percent from the same reference. For the first time, INS released on Tuesday information on the evolution of residential property prices. ...

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