OREANDA-NEWS. House prices, as measured by the House Price Index, rose by 2.3% in the euro area and by 3.1% in the EU in the third quarter of 2015 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 2015, house prices rose by 1.0% in the euro area and by 1.3% in the EU in the third quarter of 2015.
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 2015 were recorded in Sweden (+13.7%). Austria (+9.3%), Ireland (+8.9%) and Denmark (+7.2%). Falls were observed in Latvia (-7.6%). Croatia (-3.0%). Italy (-2.3%) and France (-1.2%).
The highest quarterly increases were recorded in Malta (+6.2%). Ireland (+4.5%), Austria (+4.1%). Sweden and the United Kingdom (both +3.9%). and the largest falls in Hungary (-5.9%). Slovenia (-3.5%) and Estonia
(-1.9%).

Quarterly and annual changes in house prices

 

Change compared with the previous quarter, %

Change compared with the same quarter of the previous year, %

 

2014

2015

2014

2015

 

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Euro areap

-0.6

0.1

1.8

1.0

0.4

0.7

1.6

2.3

EUP

-0.3

0.5

1.7

1.3

2.3

2.4

2.7

3.1

Belgium

1.0

-3.4

2.1

1.2

1.1

-0.5

1.0

0.8

Bulgaria0

1.1

0.5

0.9

-0.5

2.8

2.2

2.8

2.1

Czech Republic

0.8

1.1

0.9

1.1

3.7

3.6

3.6

3.9

Denmark

-0.4

4.1

3.4

0.0

4.3

7.1

6.7

7.2

Germany

-0.2

2.1

2.8

0.8

2.4

3.8

5.2

5.6

Estonia

0.2

2.0

3.3

1.0

10.1

8.0

10.6

4.0

Ireland

3.8

-0.9

1.2

4.5

16.3

16.8

10.7

8.9

Greece

 

 

 

 

 

 

 

 

Spain

0.2

-0.5

4.1

0.7

1.8

1.6

4.0

4.5

France

-2.0

-1.0

0.2

1.7

-2.2

-2.1

-2.1

-1.2

Croatia0*

-0.8

-1.1

-1.9

0.7

-1.4

-1.8

-4.5

-3.0

Italy0

-1.6

-0.9

0.0

0.3

-3.6

-3.6

-2.9

-2.3

Cyprus

-1.1

-2.8

7.4

-0.7

0.8

0.6

2.4

2.5

Latvia

-11.3

0.1

3.6

0.6

-4.5

-6.5

-4.6

-7.6

Lithuania

-2.0

0.8

3.1

1.6

5.3

4.5

3.5

3.4

Luxembourg**

1.5

0.4

2.1

1.3

5.1

7.0

5.4

5.5

Hungary

2.3

4.8

4.2

-5.9

8.4

11.5

13.8

5.1

Malta

3.5

-2.7

-0.3

6.2

5.5

2.7

2.4

6.7

Netherlands

0.5

1.0

0.5

2.1

2.0

2.6

2.5

4.1

Austria

0.9

-2.2

6.4

4.1

4.6

-0.5

4.2

9.3

Poland

0.2

0.2

1.4

0.2

1.4

2.0

1.1

2.0

Portugal

-0.3

0.0

3.7

0.1

2.2

0.8

2.9

3.4

Romania

1.7

3.5

-1.2

-0.9

0.0

2.7

3.0

3.0

Slovenia

0.9

1.4

2.3

-3.5

-4.4

-1.4

3.6

1.0

Slovakia

2.1

1.7

1.9

0.1

3.4

5.3

5.6

5.8

Finland

-0.6

0.3

0.7

-0.3

-0.5

-0.3

-0.1

0.0

Sweden

1.6

3.9

3.6

3.9

10.4

11.6

13.0

13.7

United Kingdom

-0.4

0.9

1.2

3.9

10.0

8.5

5.6

5.6

Iceland

1.7

2.8

2.2

1.1

7.5

8.1

8.0

8.1

Norway***

-0.1

4.1

2.7

0.1

6.5

8.4

7.5

6.9

Data for change compared with the previous quarter here and change compared with the same quarter of the previous year here

* series compiled by the Croatian Bureau of Statistics replacing the previously published one. calculated by the National Bank of Croatia.

** excluding newly built single-family houses

*** only existing dwellings

:        data not available

p provisional