October 7, 2019
According to the latest report published by Eurostat, the statistical office of the European Union, “house prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the second quarter of 2019 compared with the same quarter of the previous year.”
Additionally, the report mentioned that in comparison to the first quarter of 2019, house prices in the euro area and EU in the second quarter of 2019 climbed by 1.7% and 1.6% respectively.
House price developments in the EU Member States
Within the second quarter of 2019, the highest annual increases in house prices were recorded in Hungary (+14.0%), Luxembourg (+11.4%), Croatia (+10.4%) and Portugal (+10.1%), while prices decreased in Italy (-0.2%).
However, in the previous quarter, the highest increases were observed in Latvia (+5.6%), Luxembourg (+5.1%) and Cyprus (+4.2%).
Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
