Friday, November 22, 2024

Latvia, Ireland and Portugal house prices soar over 12%

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%).

 

housing prices

 

  • 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

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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