Europe in a housing downturn?
BackLN 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
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Views: 441
Tags: arcelormittal ceo estate europe india ln london mittal ndtv profit real
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