House prices rise 9% in January but fewer people are moving home
House prices continue to rise and were up 9% in January, compared with the year earlier period, the national statistics agency CBS said on Tuesday. The average price has now gone above €300,000 for the first time.
House prices are now 36% higher than in June 2013, at the height of the economic crisis, and 6.5% up on their August 2008 peak, the CBS said. The agency will next publish figures giving a regional breakdown of price developments in April.
The CBS also said on Tuesday that the number of people moving home last year was down 5% on 2017.
In total, 1,790,000 people moved to a new home – either rental or bought – bringing an end to the upward trend seen since 2014. The over-65s however, were particularly active on the housing market.
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