House prices, as measured by the House Price Index1 (HPI), fell by 1.8% in the euro area2 and by 1.4% in the EU3 in the fourth quarter of 2012 compared with the same quarter of the previous year, according to data published by EurostatCompared with the third quarter of 2012, house prices fell by 0.5% in the euro area and by 0.7% in the EU in the fourth quarter of 2012.
House price indices - euro area and EU
2010 = 100
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 2012 were recorded in Latvia (+9.8%), Estonia (+5.8%) and Malta (+5.4%), and the largest falls in Spain (-12.8%), Romania (-9.1%), and Slovenia (-8.8%).
The highest quarterly increases in the fourth quarter of 2012 were recorded in Latvia (+4.2%), Malta (+2.1%) and Luxembourg (+1.6%), and the largest falls in Romania (-7.9%), Slovenia (-3.5%) and Hungary (-2.2%).