ECB sees house prices undergoing ‘sustainable’ recovery

ECB: the imbalance in the house price-to-income ratio for the region as a whole has "progressively unwound"

The recovery of house prices in the eurozone "appears to be sustainable", the European Central Bank (ECB) said today (September 15), in an upbeat report that noted financial stability risks "appear to be limited at the current juncture".

The report, from the ECB's forthcoming Economic Bulletin, described house prices as a 'key indicator' in assessing the eurozone economy.

"There are now increasing signs that house prices in the euro area are finally on the rise again" after a "protracted period

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