The housing market in the eurozone is improving and has “turned a corner”, according to a study published on Tuesday by the European Central Bank.<br /><br /> The ECB says a recent rise in property prices in the single currency’s 19 countries does seem to be sustainable.<br /><br /> That was not the case five years ago when a similar rebound floundered in the face of the eurozone debt crisis.<br /><br /> The study says a key difference is that the current recovery seems less dependent on prices in urban areas and is fairly broadly spread across countries.<br /><br /> Another encouraging development is that the price rise hasn’t been matched by an increase in loans, bringing less financial instability.
