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Saturday, 20.04.2024, 03:03
Latvia registers EU's third steepest reduction in house prices in Q4
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Slovenia registered the largest year-on-year reduction in house prices – by 4.4%, followed by Cyprus – 3.3%.
The steepest year-on-year increase in house prices among all EU countries for which data are available was registered in Ireland – 16.3%, Malta – 11%, Sweden – 10.4%, Estonia – 10.1%, and Great Britain – 10%. In Lithuania, house prices in the fourth quarter of last year increased by 2.7%.
House prices increased by in 1.1% euro area and by 2.6% in the EU in the fourth quarter of 2014, compared to the fourth quarter of 2013.
Compared to the third quarter of 2014, house prices decreased 0.1% in the euro area and remained unchanged in the EU in the fourth quarter of last year.
The steepest quarter-on-quarter increases in house prices were registered in Malta – 4.6%, Ireland – 3.8%, and Slovakia – by 2.1%.
The largest quarter-on-quarter reductions were reported by Latvia – 10.2%, Lithuania – 4.3%, and Cyprus – 3%.
In Estonia, house prices reduced 0.2% quarter-on-quarter.
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