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28 May 2012

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German housing prices slip 1.5% over year

Prices for owner-occupied housing in Germany fell 1.5% in the 12 months to first quarter 2010, and slipped by 0.9% against end-2009, according to the Association of German Pfandbrief Banks, vdp. "The development is evidence of the relative stability of the German property market in the European setting," said Jens Tolckmitt, vdp MD. (See upcoming PIE Editions for full story)

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