BUSINESS
06/11/2010 09:48 am ET Updated May 25, 2011

BP Oil Spill Real Estate Damage Coud Cost $4.3 Billion

June 11 (Bloomberg) -- BP Plc's oil spill may drive down Gulf Coast property values by 10 percent for at least three years, according to a forecast by CoStar Group Inc.

Losses may total $4.3 billion along the 600-mile (966- kilometer) stretch from the Louisiana bayous to Clearwater, Florida, the property-information service estimates.

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