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Sunday, December 31, 2006

Is the global property boom set to end?

Sometimes it seems like everyone owns at least one or maybe even two homes abroad these days. They don’t, of course. Although definitive figures are hard to come by, the true number is probably still much less than a million. Yet it certainly seems that way, especially when you are sitting in the back of a taxi and the driver is telling you proudly about his flat on the Costa del Sol or pondering aloud the relative merits of investing in Bulgaria or Montenegro.

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