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Thursday, 18.04.2024, 19:34
Latvia registers EU's steepest reduction in house prices in Q3
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Croatia registered the second largest year-on-year reduction in house prices – by 3%, followed by Italy – 2.3%, and France – 1.2%.
The steepest year-on-year increase in house prices among all EU countries for which data are available was registered in Sweden – 13.7%, Austria – 9.3%, Ireland – 8.9%, and Denmark – 7.2%.
In Lithuania, house prices in the third quarter increased by 3.4%, but in Estonia – by 4%.
House prices increased by in 2.3% euro area and by 3.1% in the EU in the third quarter of 2015, compared to the third quarter of 2014.
Meanwhile, compared to the second quarter of 2015, house prices increased 1% in the euro area and by 1.3% in the EU in the third quarter of last year.
The steepest quarter-on-quarter increases in house prices were registered in Malta – 6.2%, Ireland – 4.5%, Austria – 4.1%, and Sweden and Great Britain – by 3.9%.
The largest quarter-on-quarter reductions were reported by Hungary – 5.9%, Slovenia – 3.5%, and Estonia – 1.9%.
In Latvia house prices in the third quarter of last year, compared with the previous quarter, increased by 0.6%, but in Lithuania – by 1.6%.
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