Europe in a housing downturn?

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LN Mittal, CEO of ArcelorMittal, may have spent $300 million on homes in London, the most stable and mature real estate market in the world. But now even London is seeing unstable returns. This is a bad signal as Europe goes into a housing downturn for the first time, with markets like Spain seeing a 15-20% correction.

Category: News
Uploaded: August 9th, 2008 @ 2:43 am
Author: ndtv

Length: 01:36
Rating: Whole StarWhole StarWhole StarWhole StarWhole Star
Views: 441

Tags: arcelormittal ceo estate europe india ln london mittal ndtv profit real

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