Property prices in Eurozone hit historic low since 2006

Real estate prices in Eurozone countries have dropped to a historic low since 2006, the European Central Bank said in a release.

The index measuring the value of properties fell from 97.7 points at the end of 2012 to 96.46 points, whereas a historic high of 102.4 points was recorded in 2008, Reuters has reported.

This decrease in the prices of properties in Europe is a result of difficult economic situation in most of the Eurozone countries.