In 2013, real estate prices in Europe will continue to fall, predict analysts of the international credit rating agency Standard & Poor’s. The only exception would be Belgium, where property prices continue to rise. The main reason for the pessimistic forecasts is the weak economic activity.
Since 2009, Belgium has been the only country that does not account for depreciation of homes, houses, offices and retail outlets. Belgian market, however, is also expected to account for delays in price growth this year.