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Fourth quarter of 2014 compared with fourth quarter of 2013 House prices up by 1.1% in the euro area Up by 2.6% in the EU

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Fourth quarter of 2014 compared with fourth quarter of 2013 House prices up by 1.1% in the euro area Up by 2.6% in the EU

House prices, as measured by the House Price Index (HPI), rose by 1.1% in the euro area and by 2.6% in the EU in the fourth quarter of 2014 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.

Compared with the third quarter of 2014, house prices slightly decreased in the euro area (-0.1%) and remained stable in the EU in the fourth quarter of 2014.

House price developments in the EU Member States
Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2014 were recorded in Ireland (+16.3%), Malta (+11.0%), Sweden (+10.4%), Estonia (+10.1%) and the United Kingdom (+10.0%), and the largest falls in Slovenia (-4.4%), Cyprus (-3.3%), Latvia (-3.2%) and Italy (-2.9%).

The highest quarterly increases were recorded in Malta (+4.6%), Ireland (+3.8%), Slovakia (+2.1%) and Luxembourg (+2.0%), and the largest falls in Latvia (-10.2%), Lithuania (-4.3%) and Cyprus (-3.0%).

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