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Prices of Flats in Northern European Capitals - Part 1
European house prices have increased since the mid-1990s, particularly in the years up to the financial crisis. This trend has significantly widened the gap between prices of owner-occupied flats in the capitals. It appears from the article that flat prices in Paris, Oslo and Stockholm are high relative to those in the other Northern European capitals, while flat prices in Copenhagen are low. The article makes comparisons across the capitals of the usual economic determinants of price levels, such as disposable income, interest expenses, housing taxes, demographics, construction costs and the extent of new construction.