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House prices up by 3 percent in euro area

Staff Writer |
House prices, as measured by the House Price Index, rose by 3% in the euro area and by 4% in the EU in the first quarter of 2016 compared with the same quarter of the previous year.

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Among the Member States for which data are available, the highest annual increases in house prices in the first quarter of 2016 were recorded in Hungary (+15.2%), Austria (+13.4%) and Sweden (+12.5%), while falls were observed in Italy and Cyprus (both -1.2%).

Compared with the previous quarter the highest increases were recorded in Hungary (+5.2%), Austria (+4.2%) and Romania (+3.3%), and the largest falls in Cyprus (-3.4%) and Malta (-2.8%).


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