Declining Prices in Northern Europe

In 2018, asset prices fell in many countries of the Euro area. In contrast to the development in recent years, however, it is not the southern countries of the euro area that have experienced a price erosion, the northern countries have. Drastically falling prices for business wealth have compensated for the rise in property prices in the northern countries. At the end of the year, France recorded the largest decline in prices with -3.2%, while Portugal and the Netherlands recorded the highest asset price growth rate with +5.8% and +6.0% respectively.

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