Home prices index down by 2.1% y/y

The home price index, which tracks home sales transactions, grew 2.1 percent in May y/y and 0.15 percent on a monthly basis and stands at 817.49 points, according to a report by Home Broker and Open Finance. For the third consecutive month, the transaction price of one sqm in Warsaw has fallen and stands at PLN 7,045, the lowest value in two years. "Since June 2013, the index has remained at a level of 800-825 points," a statement read.