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Oil Spill May Cost $4.3 Billion in Property Values

BP Plc’s oil spill may drive down the Gulf Coast’s shore-area property values by 10 percent for at least three years, according to 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.