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House prices up by 5.0% in the euro area

Strong increase in Poland and Slovakia, prices fell in Hungary

07 October, 12:51
(ANSA) - BELGRADE, 07 OTT - In the second quarter of 2020, still marked by containment measures against the pandemic, house prices rose by 5.0% in the euro area and by 5.2% in the EU compared with the same quarter of the previous year, Eurostat said today. In the first quarter 2020 house prices rose by 5.1% and 5.6% respectively, the statistical office of the European Union noted.

The highest annual increases in house prices in the second quarter of 2020 were recorded in Luxembourg (+13.3%), Poland (+10.9%) and Slovakia (+9.7%), while prices fell in Hungary (-5.6%) and Cyprus (-2.9%).

Compared with the previous quarter, the highest increases were recorded in Luxembourg (+4.4%), Italy (+3.1%) and Austria (+2.5%), while decreases were observed in Hungary (-7.4%), Estonia (-5.8%), Latvia (-2.3%), Bulgaria (-1.1%) and Ireland (-0.1%). (ANSA).

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