Pursuits
German Second-Quarter Property Prices Climb Most in a Year
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German property prices rose by the most in a year in the second quarter as more residents bought homes and office investment increased amid tight supply.
Prices for houses, apartments and residential buildings climbed 4.1 percent from a year earlier, according to an index published by the VDP Association of German Pfandbrief Banks today. The office-price index rose 5.6 percent, giving both measures their best gain since the second quarter of 2012.