House prices up by 2.9% in the euro area
OREANDA-NEWS. House prices, as measured by the House Price Index, rose by 2.9% in the euro area and by 3.8% in the EU in the fourth quarter of 2015 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 2015, house prices remained stable in the euro area and rose by 0.2% in the EU in the fourth quarter of 2015.
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 2015 were recorded in Sweden (+14.2%), Hungary (+10.3%) and the United Kingdom (+7.1%), while falls were observed in Croatia (-2.1%), Italy (-0.9%) and Cyprus (-0.6%).
The highest quarterly increases were recorded in Bulgaria (+3.1%), Latvia (+2.3%) and Sweden (+2.0%), and the largest falls in Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%).