Germany’s house prices up on strong economy, rising employment
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House prices in Germany continued to rise in Q3 2010, buoyed by strong economic and employment growth. The over-all house price index increased 2.3% y-o-y to September 2010, the ninth consecutive month of annual price increases, according to Hypoport AG, a leading financial services portal.
On a monthly basis, however, the rate of increase for the overall index in September was lower than in the past three months, and the average price of existing homes and apartments in September was slightly down on July.
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