House prices rise in Cyprus by 4.3%

House prices, as measured by the House Price Index, rose by 4.0% in both the euro area and the EU, and by 4.3% in Cyprus in the first quarter of 2019, compared with the same quarter of the previous year, according to Eurostat, the statistical office of the European Union.

Compared with the fourth quarter of 2018, house prices rose by 0.3% in both the euro area and the EU % in Cyprus in the first quarter of 2019.

Among the Member States for which data are available, the highest annual increases in house prices in the first quarter of 2019 were recorded in Hungary (+11.3%), Czech Republic (+9.4%) and Portugal (+9.2%), while prices fell in Italy (-0.8%).

Compared with the previous quarter, the highest increases were recorded in Hungary (+3.7%), Portugal (+3.6%) and Croatia (+3.5%), while decreases were observed in Malta (-4.2%), the United Kingdom (-1.3%), Ireland (-1.0%), Finland (-0.8%), Italy (-0.5%) and Germany (-0.3%).