Analytics, EU – Baltic States, Real Estate

International Internet Magazine. Baltic States news & analytics Wednesday, 19.06.2024, 21:39

Estonia registers EU's steepest increase in house prices in Q1

BC, Riga, 12.07.2013.Print version
The House Price Index rose 7.2% in Latvia in the first quarter of 2013, compared to the corresponding period of 2012, the second steepest increase among all EU countries for which data are available, according to the latest data from the EU's statistical office Eurostat. Estonia was a leader, informs LETA.

Estonia registered the largest increase in house prices – by 7.7%, followed by Lithuania, Luxembourg – 4.3%, and Sweden – 4.1%.


The steepest decreases were registered in Spain – 12.8%, Hungary – 9.3%, Portugal – 7.3%, and the Netherlands – 7.2%.


House prices, as measured by the House Price Index, fell 2.2% in the euro area and 1.4% in the EU in the first quarter of 2013, compared with the same quarter of the previous year.


Compared to the fourth quarter of 2012, house prices fell one% in the euro area and 0.6% in the EU in the first quarter of 2013.


The largest quarter-quarter increases were registered in Romania – 4.3%, Estonia – 3.1%, as well as Latvia and Slovakia – 2.3% each. The largest decreases were observed in Spain – 5.1%, Cyprus – 4.8%, and Hungary – 3.3%.


The House Price Index in Lithuania increased 0.7% when compared to the previous quarter.

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