Analytics, EU – Baltic States, Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 21.08.2018, 01:07

Estonian house prices grow faster than in EU

BC, Tallinn, 12.10.2017.Print version
House prices in Estonia grew by 4.8% on year in the second quarter of 2017, which is more than the 3.8% average growth rate for the eurozone, Eurostat said yesterday, cites LETA/BNS.

Quarter over quarter, house prices in Estonia moved up 0.3%.

House prices, as measured by the House Price Index, rose by 3.8% in the euro area and by 4.4% in the EU in the second quarter of 2017 compared with the same quarter of the previous year. Compared with the first quarter of 2017, house prices rose by 1.5% in the euro area and by 1.8% in the EU.

Among the member states for which data are available, the highest annual increases in house prices in the second quarter of 2017 were recorded in the Czech Republic, 13.3%, Ireland, 10.6%, and Lithuania, 10.2%, while prices fell in Italy, -0.2%. Compared with the previous quarter, the highest increases were recorded in Latvia, 6.1%, Slovakia, 5.6%, and Romania, 4.9%, while decreases were observed in Hungary, -1.5% and Belgium, -0.7%.

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