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EU figures express diverse and for part opposite housing market developments


On 21 January Eurostat published its regular house price index for the third quarter of 2013 compared with the third quarter of 2012. House prices fell by 1.3% in the euro area and by 0.5% in the EU. However as compared with the second quarter of 2013, house prices rose by 0.6% in the euro area and by 0.7% in the EU, in the third quarter of 2013.

The highest annual increases in house prices in the third quarter of 2013 were recorded in Estonia (+11.1%), Luxembourg (+6.5% flats only) and Latvia (+6.2%), and the largest falls in Croatia (-16.9%), Cyprus (-8.0%) and Spain (-6.4%). For the third quarter of 2013, the highest increases were recorded in Estonia (+5.3%), Ireland (+4.1%) and the United Kingdom (+2.5%) and the largest falls in Slovenia (-4.0%), Denmark (-3.3%) and Romania (-2.4%).

The house price index is made up of house price indices for the euro area and the EU which describe the price developments of all residential properties purchased by households (flats, detached houses, terraced houses etc) both new build and existing. 

More information is available at http://ec.europa.eu/eurostat 
For housing statistics, follow this link: http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Housing_price_statistics_-_house_price_index