Housing prices slowing down in CEE region
While real estate prices in the CEE region have started to slow, prices in some Central European countries are still outpacing their Westen Europe counterparts. Hungary’s housing market reported the biggest growth in Q2 followed by Latvia, according to data published by Eurostat. The Czech Republic, Lithuania, Slovakia and Bulgaria were also among the top 10 countries in the region that reported price increases. Knight Frank ranked the Czech Republic as the among the fastest growing markets in its Q2 Global House Price Index. The country posted a 9.4-percent increase in housing prices in Q2, down from the 12-14 percent increase reported the previous year.