10/10/2013 12:36
House prices continued to drop in EU27 and the euro area in the second quarter of 2013, according to Eurostat data released on Thursday.
According to the figures, house prices, as measured by the House Price Index1 (HPI), fell by 2.2% in the euro area2 and by 1.3% in the EU3 in the second quarter of 2013 compared with the same quarter of the previous year.
In the first quarter of 2013, prices had recorded an annual decline of 2.4% in the euro area and 1.5% in EU27.
Highest decreases in the second quarter were observed in Spain (-10.6%) and the Netherlands (-7.5%).
There are no available data for Cyprus for the second quarter of 2013.
In the first quarter of the year prices had recorded an annual decline of 0.4%.
On the other hand, highest increases were recorded in Latvia (+8.8%), Estonia (+8.1%) and Luxemburg (+5.1%).
On a quarterly basis, house prices increased by 0.3% in the euro area and 0.4% in EU27.
Highest decreases were recorded in the Netherlands (-2%) and Hungary (-0.9%) and highest increases in Latvia (+5.1%), Estonia (+3.7%) and Denmark (+3.1%).
There are no available data for Cyprus.
In Q1, prices had dropped by 4.8% and this was the second highest decline in EU27 after Spain.
According to the figures, house prices, as measured by the House Price Index1 (HPI), fell by 2.2% in the euro area2 and by 1.3% in the EU3 in the second quarter of 2013 compared with the same quarter of the previous year.
In the first quarter of 2013, prices had recorded an annual decline of 2.4% in the euro area and 1.5% in EU27.
Highest decreases in the second quarter were observed in Spain (-10.6%) and the Netherlands (-7.5%).
There are no available data for Cyprus for the second quarter of 2013.
In the first quarter of the year prices had recorded an annual decline of 0.4%.
On the other hand, highest increases were recorded in Latvia (+8.8%), Estonia (+8.1%) and Luxemburg (+5.1%).
On a quarterly basis, house prices increased by 0.3% in the euro area and 0.4% in EU27.
Highest decreases were recorded in the Netherlands (-2%) and Hungary (-0.9%) and highest increases in Latvia (+5.1%), Estonia (+3.7%) and Denmark (+3.1%).
There are no available data for Cyprus.
In Q1, prices had dropped by 4.8% and this was the second highest decline in EU27 after Spain.
Related Articles
