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Of falling property prices and when to buy a house

October 22, 2008

This should normally warm the cockles of the builders' hearts. But with many a market observer asking people to wait before they jump in to buy property, it appears that the slump in the real estate market might go on for a while.

Also, analysts say that the consumers' elation might be a bit premature as chances of interest rates falling any time too soon are pretty slim.

Image: A worker of the construction firm Alliance Infrastructure Projects Limited cleans a room in a show house at a new housing development in Bangalore. | Photograph: Dibyangshu Sarkar/AFP/Getty Images

Also read: Why Warren Buffett invested in Goldman Sachs

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