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Monday, July 30, 2007

Property boom in Central Europe pricing out locals



















Agence France-Presse - (AFP)

Jul. 23, 2007. 01:50 PM EST

In downtown Warsaw, real estate can be as expensive as in the heart of Paris. Across Central Europe, from Budapest to Bratislava, prices have skyrocketed as interest rates drop and foreign investors snap up prime proprety. It's a boom time for estate agents but a rough period for locals now priced out of home ownership. A voiced report from the Polish capital Warsaw and the Hungarian capital Budapest.


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