BP’s Oil Spill and Real Estate Damage May Total $4.3 bln

BP (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 – Bloomberg