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House prices in Ireland and Portugal record highest annual increases

Housing prices in the EU Member States, recorded highest annual increases during the second quarter of 2018, according to Eurostat latest report dated Oct 5, 2018

 

  • Slovenia (+13.4%),
  • Ireland (+12.6%),
  • Portugal (+11.2%) and
  • Hungary (10.4%),
  • Netherlands (9.3%)
  • Estonia (+7.4%)
  • Spain (+6.8%)
  • Malta +5.4%
  • United Kingdom  (+3.4%)
  • Cyprus (+1.2%)
  • Norway (0.5%)

 

Decline in Prices in EU member states

 

  • Sweden (-1.7%) and
  • Italy (-0.2%).

 

The House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners. The Member States’ HPIs are compiled by the National Statistical Institutes. The euro area and the EU aggregate HPIs are compiled by Eurostat report published on Oct 2018.

 

Altogether , House prices up by 4.3% in the euro area in the Q2 2018

 

house prices euro

 

When compared with the previous quarter rather than the previous year, the highest increases were recorded in

  • Slovenia (+4.2%),
  • Malta (+3.2%),
  • Latvia (+3.1%)
  • Romania (both +3.1%)
  • United Kingdom

while the only decrease was observed in Croatia (-0.2%).

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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