CEPI - European Association of Real Estate Professions

On 11 April Eurostat published its most recent information on house prices as measured by the House Price Index (price developments of all residential properties purchased by households). House prices in the eurozone fell by 1.8% and by 1.4% in the EU in the fourth quarter of 2012 compared with the same quarter of the previous year.

The highest annual increases in house prices in the fourth quarter of 2012 were recorded in Latvia (+9.8%), Estonia (+5.8%) and Malta (+5.4%). The largest falls were in Spain (-12.8%), Romania (-9.1%), and Slovenia (-8.8%).

Compared with the third quarter of 2012, house prices fell by 0.5% in the eurozone and by 0.7% in the EU in the fourth quarter of 2012. The highest quarterly increases in the fourth quarter of 2012 were recorded in Latvia (+4.2%), Malta (+2.1%) and Luxembourg (+1.6%), and the largest falls in Romania (-7.9%), Slovenia (-3.5%) and Hungary (-2.2%).

For additional information, click on http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Housing_price_statistics_-_house_price_index