Spain trumps UK in house price growth

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House price growth in the UK over the past five years has been higher than every country in the Eurozone except Spain, according to a Halifax survey.

The research also found Germany was the only Eurozone country to see house prices fall over the five-year period. The average Eurozone house price increased by 40% since 2001, but in the UK, house prices leapt 90% over the same period. Spanish house prices increased by an average of 100% over the same period. House prices in German fell by 2% in the last year and dropped 5% over the past five years. France and Ireland bow saw growth of over 70%, with average prices rising 73% and 71% respectively over the past five years. Despite the rapid growth in Spanish house prices, to an average ...

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