FHB House Price Index 2011:
A further moderate decline in house prices was recorded in 2011
According to the figures in FHB House Price Index of 2011, a slight drop of 1.9% (in real terms 5.5%) was recorded in house prices compared to the previous year (Chart 1). In producing the latest index, we relied on FHB’s market information and observations as well as all data processed by the National Tax and Customs Administration until December 2011. Based on the new figures, no revision of the previous values of the Index was necessary.
Chart 1: TAnnual changes of FHB House Price Index (Source: FHB)
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