Relevant:
- Beverly Hills witnesses a 23 percent annual decline in home values -- Low interest rates do not mean long-term housing prices will go up. Just look at Japan and their historical interest rates.
- U.K. House Prices Will Rise 5% in 2010 on Low Rates, CEBR Says
- Home Prices in Mumbai Decline 20% From 2010 Peak, Jones Lang LaSalle Says
- Property slump hits small-time investors
- China Home Prices Fall In More Than Half Cities Tracked
2012-07-17 — bloomberg.com
Danes are betting the five-year slump in home values will deepen as record low interest rates fail to entice prospective buyers.
Prices, which have already plunged 25 percent since their 2007 peak, will decline 5.5 percent this year, the government estimates. Record-low interest rates that translate into average borrowing costs of less than 0.1 percent have so far failed to resurrect home values as buyers wait for sellers to buckle under record-long sales times and cut prices lower.
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