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House prices continued to fall in August
Prices along the Mediterranean Coast have now fallen by an average of 40%from their highest levels..The Major Cities segment is experiencing greater downward pressure on prices.
The General IMIE index recorded a year-on-year decline of 11.6%, slightly higher than the fallrecorded in July, ending the month at 1545 points. The cumulative decline in house prices since themarket peak in December 2007 is 32.4%
Prices along the Mediterranean Coast have now fallen by an average of 40%from their highest levels..The Major Cities segment is experiencing greater downward pressure on prices.
The General IMIE index recorded a year-on-year decline of 11.6%, slightly higher than the fallrecorded in July, ending the month at 1545 points. The cumulative decline in house prices since themarket peak in December 2007 is 32.4%
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