House prices up by 3.4% in the euro area
House prices, as measured by the House Price Index, rose by 3.4% in the euro area and by 4.3% in the EU in the third quarter of 2016 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.
Compared with the second quarter of 2016, house prices rose by 1.3% in the euro area and by 1.5% in the EU in the third quarter of 2016.
House price developments in the EU Member States
Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2016 were recorded in Hungary (+11.6%), Latvia (+10.8%) and Bulgaria (+8.8%), while falls were observed in Cyprus (-3.3%) and Italy (-0.9%).
Compared with the previous quarter, the highest increases were recorded in Malta (+5.4%), Ireland (+4.7%), Estonia, Lithuania and Hungary (all +3.4%), while a decrease was observed in Romania (-0.7%).