Brits get thumped like U.S.

News analysis: Report from the European housing market

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LONDON — The European housing markets are turning as bitter as vinegar on chips as property sales and prices come tumbling down.

Property values fell to their lowest level in 30 years in September, according to the Royal Institution of Chartered Surveyors. According to another report, home sales fell to 17,000 in June 2008 from 105,000 in June of 2007, and that was before the financial collapse of late summer and fall.