House prices, as measured by the House Price Index, rose by 4.1% in the euro area and by 4.6% in the EU in the third quarter of 2017 compared with the same quarter of the previous year, according to the 2018 figures from Eurostat, the statistical office of the European Union.
Compared with the second quarter of 2017, house prices rose by 1.7% both in the euro area and in the EU in the third quarter of 2017.
In the EU member states
- The highest annual increases in house prices in the third quarter of 2017 were recorded in the Czech Republic (+12.3%), Ireland (+12.0%) and Portugal (+10.4%), while prices fell in Italy (-0.9%).
- Compared with the previous quarter, the highest increases were recorded in Ireland (+5.7%), Malta (+4.3%) and Netherlands (+3.7%), while decreases were observed in Romania (-1.6%), Finland and Italy (both -0.5%) and Cyprus (-0.3%).
Note:
- 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.
- 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.
