House Prices Climbed by 4.2% in Both the Euro area and EU

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%).

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