The Latvian housing bubble has been one of the main topics on this blog recently. By now, the bubble seems to be over. The apartment prices have declined 14% in last half year and are still falling.
According to Irish Independent, the same thing has happened in most of Eastern Europe. Latvia, Estonia, Lithuania, Poland, Hungary, Bulgaria... all those countries have their housing prices falling. And some Irish investors are having problems because of that...
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So the house bubble is over, how sad, as economist what do you think?
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