What effect would a sovereign default of a European country (i.e. Italy/Greece) have on house prices of the same country that goes in default?
What does the previous literature says about similar cases? (i.e. Argentina)
I heard that a country default might lead to a huge inflation in such country, (I can't guess what could happen to Greece/Italy if they have to move out from Euro) therefor, if you live in one of these countries, could buying an house be a way to preserve the value of your money from such inflation?