Friday, October 19, 2007

Spain house prices rise at slowest rate since '98

Spanish house prices rose 5.3 percent in the third quarter, the slowest pace since 1998, government data showed on Wednesday, marking a gradual slowdown in one of Europe's hottest home markets.

Price growth was down from 9.8 percent a year ago and below the 5.8 percent increase in the second quarter but ahead of most private sector analysts' expectations.
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