Housing prices rose by 4.2 percent in the Euro Area and 4.5 percent in the European Union (EU) in the last quarter of 2017 compared to the same period of the previous year.
House prices, measured by the housing price index, rose by 4.2 percent in the Eurozone and 4.5 percent in the EU compared to the same period in 2016 in the fourth quarter of 2017, according to the European Community Statistical Office (Eurostat).
INCREASE IN 0.7 PERCENT IN EURO AREA
Compared to the third quarter, housing prices in the fourth quarter of last year increased by 0.9 in the Euro Area and by 0.7 in the EU.
MOST INCREASE IN IRELAND
In the fourth quarter of 2017, the largest increase in house prices was recorded in Ireland with 11.8 percent of the EU member countries where the data is available, compared to the same period of the previous year. Followed by Portugal with 10.5 percent and Slovenia with 10 percent. In this period, the only country with a decline in housing prices was Italy with 0.3 percent.
In the fourth quarter, compared with the previous quarter, the biggest increase in housing prices was observed in Slovenia with 3.2 percent, Croatia with 3.2 percent and Greek Populated Southern Cyprus with 2.7 percent. In the mentioned period, the countries with the most decrease in housing prices were Sweden with 2.8 percent, Denmark with 1.7 percent, Belgium with 0.4 percent and Finland with 0.3 percent.