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House prices rose in Q3 on an annualized basis, rising 5.2% y/y the latest House Price index from Eurostat shows. Across the eurozone, prices rose 4.9% y/y, just shy of the 5.1% growth seen in Q1, largely ignoring any economic damage from the Covid-19 pandemic.
Source: Eurostat
Among the EU member states for which data are available, the highest annual increases in house prices in the third quarter of 2020 were recorded in Luxembourg (+13.6%), Poland (+10.9%) and Austria (+8.9%), while prices fell in Cyprus (-1.4%) and Ireland (-0.8%).
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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