They've also halted work on some new construction projects, depressing the local property market still further.
This is partly a reflection of a property market that has been stable since the 1980s.
The CML's figures confirm the picture portrayed by the latest figures on the property market.
The tragedy of Katrina may turn out to revitalize the long-lagging property market in New Orleans.
"People were bullish on Singapore on the back of a very strong property market, " argues Rountree.
Then the property market slowed in 1994 as the government moved to cool speculation.
Henry Pryor, the property market commentator, says this now affects a lot of people.
There may be no clearer example of this than the Brazilian residential property market.
The optimists point to a buoyant property market and the region's cluster of high-tech investments.
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Investors wanting to trade in the property market can deal in the shares of these companies.
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Critics worry that NAMA's pace has put a pall over the Irish property market.
Yet it will be hard for it to break its reliance on manipulating the property market.
Less well-known is that the company has become a major force in the European property market.
The UK property market is picking up, according to figures from the Bank of England.
Fortunes have been won and lost on the Dubai property market, which has collapsed in spectacular fashion.
What we really need to give the property market a kick-start is to get mainland demand coming.
Look into everything from the stability of the currency to the growth potential of the property market.
When the property market collapsed, the shares plummeted, becoming worthless when the bank was nationalized in 2009.
The property market's strength, though, has renewed concern that Beijing could further tighten policy to control prices.
The property market has been moribund since a boom after reunification in the early 1990s (see chart).
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An estimated 350, 000 families have been evicted from their homes since Spain's property market crashed in 2008.
Sure, of course, Apple building a new head office will indeed boost the US commercial property market.
Hong Kong, for example, despite its well-functioning property market, is heavily exposed to China's fragile financial sector.
In the past it benefited from an overheated property market that was a cash cow for the treasury.
Today, the economic crisis, high unemployment and unpopular austerity measures have depressed prices across the Greek property market.
Tourism also bolsters the property market, as more Southeast Asians and expatriates opt for second homes in Thailand.
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So when the property market began to implode, the government and the banks found themselves in deep water.
Mosquitoes, and the West Nile virus that some of them carry, are thriving in California's plunging property market.
In addition, sentiment has been dented by renewed measures by the central government to control the property market.
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