House prices in Germany are picking up
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Lately, property prices in Germany have been starting to pick up. The overall house price index rose 3.1% (1.94% in real terms) y-o-y to April 2013, after experiencing three consecutive months of annual price decline of 1.9% in March, 2.5% in February, and 0.7% in January, according to the figures released by Europace.
Hedonic indices attempt to compare like-for-like exactly, so should be a better measure of house price trends than other indices.
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