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REAL ESTATE

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House Prices Up by 4.2% in the Euro Area and the EU

House Prices Up by 4.2% in the Euro Area and the EU

House prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the fourth quarter of 2018 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.

Compared with the third quarter of 2018, house prices rose by 0.7% in the euro area and by 0.6% in the EU in the fourth quarter of 2018.

House price developments in the EU Member States

Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2018 were recorded in Slovenia (+18.2%), Latvia (+11.8%) and Czechia (+9.9%), while prices fell in Italy (-0.6%). Cyprus recorded an increase of 1.6%.

Compared with the previous quarter, the highest increases were recorded in Slovenia (+6.5%), Latvia (+4.3%) and Malta (+3.8%), while decreases were observed in Denmark (-1.7%), Belgium (-0.5%), United Kingdom (-0.4%), Sweden (-0.2%), Italy (-0.2%) and France (-0.2%). Cyprus recorded an increase of 3.5%.

 

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