Portugal's housing market weakens further
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The Portuguese housing market continues to slide.
In the year to end-June 2011, average property prices in Portugal dropped by 2.84% to €1128 per sq. m., according to the National Statistical Institute (INE) based on Bank Evaluation of Housing. When adjusted for inflation, property prices actually fell by 6% over the same period., with a 2% fall in Q2 2011 (-2.13% in real terms).
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