H2-2017: The European asset price rally

At the end of 2017, asset prices in the eurozone rose by 5.7% compared with the previous year. This is the highest inflation rate measured since 2007. Amongst the eurozone countries, Portugal recorded the highest price growth rate (+9.8% year-on-year in Q4) and Finland the lowest (+1.4% in Q4). Asset prices in Italy and Greece stabilised for the first time after 10 years of deflation. The inflation rate remained low but positive.

At the end of 2017, asset prices in the eurozone rose by 5.7% compared with the previous year. This is the highest inflation rate measured since 2007. Portugal recorded the highest price growth rate in the eurozone (+9.8% year-on-year in Q4) and Finland the lowest (+1.4% in Q4). After 10 years of deflation, asset prices stabilized in Italy and Greece. The inflation rate remained low but positive.

The Flossbach von Storch asset price index for the eurozone measures the price development of assets held by private households in the key eurozone countries.