5 Signs of Recession
By
siliconindia | Friday, September 16, 2011
A Real Estate Downturn
When hit by a recession it trickles down the entire economy. The property prices drop drastically, buyers shun from purchasing properties and developers stuck with unfinished properties due to lack of funds. One of the reasons for the price decline is because the property is usually repossessed by the bank or lending institution because the borrower has failed to repay the loan amount.