Eurozone Real Estate Market: Housing Prices Fall for First Time in Nine Years

In recent years, the real estate market in the eurozone has shown signs of change. Housing prices fell by 1.1% for all countries using the common currency last year, marking the first time since 2013 that prices have decreased after nine years of continuous increases. However, not all countries experienced this decline as 13 countries saw housing prices continue to rise.

The decline in housing prices was particularly notable in Germany, which saw a 7.1% decrease, and Luxembourg, where prices fell by over 14%. Other countries that experienced declines include Finland, France, Austria, and Slovakia. On the other hand, prices continued to rise in countries like the Netherlands, Latvia, Cyprus, Italy, Ireland