A recent rise in euro zone property prices appears sustainable, but the recovery is weaker than in past cycles and the eventual normalisation of interest rates poses some risks, the European Central Bank said on Tuesday.
House prices fell sharply across the euro zone in 2009, then dipped again in 2012 and 2013, unwinding imbalances that built up before the financial crisis and putting the current recovery on a more solid footing, the ECB said in an economic bulletin.
Read the full details in the Irish Times
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