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House prices up by 1.1% in the euro area and by 2.6% in the EU

Recent figures published by Eurostat, the statistical office of the European Union, show that house prices rose by 1.1% in the euro area and by 2.6% in the EU in the fourth quarter of 2014 compared with the same quarter of the previous year. Compared with the third quarter of 2014, house prices slightly decreased in the euro area (-0.1%) and remained stable in the EU in the fourth quarter of 2014.
The highest annual increases in house prices in the fourth quarter of 2014 were recorded in Ireland (+16.3%), Malta (+11.0%), Sweden (+10.4%), Estonia (+10.1%) and the United Kingdom (+10.0%). The largest falls were in Slovenia (-4.4%), Cyprus (-3.3%), Latvia (-3.2%) and Italy (-2.9%).

The highest quarterly increases were recorded in Malta (+4.6%), Ireland (+3.8%), Slovakia (+2.1%) and Luxembourg (+2.0%). The largest falls were in Latvia (-10.2%), Lithuania (-4.3%) and Cyprus (-3.0%).

Further information is available from Eurostat at http://ec.europa.eu/eurostat/web/products-press-releases/-/2-15042015-BP