Latvia, Ireland and Portugal housing prices soared in Q1 2018 with record increase of over 12% compared to other euro area countries, according to eurostat report.
House prices, as measured by the House Price Index, rose by 4.5% in the euro area and by 4.7% in the EU in the first quarter of 2018 compared with the same quarter of the previous year.
Among the Member States for which data are available, the highest annual increases in house prices in the first quarter of 2018 were recorded in
- Latvia (+13.7%),
- Slovenia (+13.4%),
- Ireland (+12.3%) and
- Portugal (+12.2%)
while prices fell in Sweden and Italy (both -0.4%) as well as in Finland (-0.1%).
Compared with the previous quarter, the highest increases were recorded in Latvia (+7.5%), Hungary and Slovenia (both +4.4%) as well as in Portugal (+3.7%), while the largest decreases were observed in Malta (-4.7%), Cyprus (-1.8%) and Sweden (-0.8%).
- Euro Area: The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
- European Union: The European Union includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
Source: Eurostat
