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13 February 2012

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German house prices up 1.4% in May

German house prices rose by 0.3% in May and were 1.4% up over the year, helped by the strongest monthly gain in existing homes for the last 12 months and the continuing move higher in new home prices, according to the HPX index of the Berlin-based Hypoport.

New homes posted another slight increase whereas apartments dipped slightly.

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