Fate of Euro property lies with the US

MATTHEW LYNN

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In the last decade, real estate prices in Europe have moved in one direction - up. That may be about...

In the last decade, real estate prices in Europe have moved in one direction - up. That may be about to change. In the US a booming property market has stalled, leaving plenty of people thinking it may face a full-scale crash. If that happens, it would be complacent to assume that Europe could avoid the fallout. In the past 10 years, Spanish property values have more than doubled, while home prices have tripled in the UK and quadrupled in Ireland, according to figures compiled by Deutsche Bank AG. It's easy to make money in those kinds of markets. House-price growth across the region has...

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