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Overseas

Euro area house prices down by 1.3%

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22nd January 2014

House prices, as measured by the House Price Index (HPI), fell by 1.3% in the euro area and by 0.5% in the EU in the third quarter of 2013 compared with the same quarter of the previous year.

According to data published by Eurostat, the statistical office of the European Union, house prices rose by 0.6% in the euro area and by 0.7% in the EU in the third quarter of 2013.

House price developments in the EU Member States

Among the EU Member States for which data are available, the highest annual increases in house prices in the third quarter of 2013 were recorded in Estonia (+11.1%), Luxembourg (+6.5%, flats only) and Latvia (+6.2%), and the largest falls in Croatia (-16.9%), Cyprus (-8.0%) and Spain (-6.4%).

The highest quarterly increases in the third quarter of 2013 were recorded in Estonia (+5.3%), Ireland (+4.1%), and the United Kingdom (+2.5%), and the largest falls in Slovenia (-4.0%), Denmark (-3.3%) and Romania
(-2.4%).
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