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Reported sources at the www.propertykhazana.com says that, in Madrid, the sign of ‘For Sale’ is put on under construction flat blocks which rules the Spanish capital. The global slump has strike the country’s flourishing realty market very badly, land rates from Barcelona to the Balearic Islands are falling up to 7% in the 1st quarter of 2009 and they are likely to fall up to 40% or more from their top by the end of this year. The economic slowdown in Spain and other countries has left several residence proprietors in panic situation and are harassed to maintain with their mortgage payments. But for the well-funded land purchasers, the slump is starting up a windfall of cut-rate deals, when the time was good, low-priced credit raised nearly avid demand for 2nd residences and investment properties.
As per to the sources saying at the www.propertykhazana.com, the supremacy move in the land auctions is slowly attracting investors back into the market and from European asperity in Croatia and Montenegro to fewer foreign investments in Florida and the Southwest US, presently it might be the correct time to purchase. Double-digit rates croppers and the changed power of the dollar against foreign currencies will make purchasing in abroad more reasonable for Americans. Rising countries, particularly Brazil and India take the view of constant economic growth in spite of the slowdown while giving lands costing less than 1/8th the rate of the average of US home. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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