Eurozone house price inflation falls by 1.3%

21st January 2014

House prices, as measured by the House Price Index fell by 1.3% in the euro area and by 0.5% in the EU in the third quarter of 2013 compared with the same quarter of the previous year, according to data published by Eurostat, the statistical office of the European Union.

However compared with the second quarter of 2013, house prices rose by 0.6% in the euro area and by 0.7% in the EU in the third quarter of 2013.

Among the EU Member States for which data are available, the highest annual increases in house prices in the third quarter of 2013 were recorded in Estonia (+11.1%), Luxembourg (+6.5%, flats only) and Latvia (+6.2%), and the largest falls in Croatia (-16.9%), Cyprus (-8.0%) and Spain (-6.4%).

The highest quarterly increases in the third quarter of 2013 were recorded in Estonia (+5.3%), Ireland (+4.1%), and the United Kingdom (+2.5%), and the largest falls in Slovenia (-4.0%), Denmark (-3.3%) and Romania
(-2.4%).

Quarterly and annual house price developments

 

Percentage change compared with the
previous quarter

Percentage change compared with the
same quarter of the previous year

2012

2013

2012

2013

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Belgium

-0.8

0.0

-0.3

1.7

1.1

0.4

0.1

0.7

Germany

1.4

-0.4

:

:

5.0

3.8

:

:

Estonia

-1.4

3.1

3.7

5.3

5.8

7.7

8.1

11.1

Ireland

0.0

-2.6

2.3

4.1

-4.5

-3.0

1.2

3.7

Greece

:

:

:

:

:

:

:

:

Spain

-1.4

-5.1

-0.8

0.8

-12.8

-12.8

-10.6

-6.4

France

-1.4

-1.2

0.2

1.2

-2.0

-2.0

-1.9

-1.4

Italyp

-2.2

-1.5

-0.6

-1.1

-5.2

-6.1

-5.9

-5.3

Cyprus

0.5

-4.8

-3.4

-0.4

5.4

-0.4

-8.8

-8.0

Luxembourg*

2.9

-0.9

2.8

1.6

3.8

4.3

5.1

6.5

Malta

2.1

0.3

1.2

-1.1

5.4

3.9

3.9

2.5

Netherlands

0.8

-2.7

-2.0

0.6

-6.4

-7.0

-7.5

-3.3

Austria

:

:

:

:

:

:

:

:

Portugalp

-1.1

-3.2

0.9

0.4

-6.0

-7.3

-4.3

-2.9

Slovenia

-3.5

0.7

0.8

-4.0

-8.8

-4.3

-4.6

-6.0

Slovakia

-2.0

2.3

0.3

0.0

-2.9

0.0

1.2

0.5

Finland

0.0

0.7

0.6

-0.4

3.1

2.1

1.5

0.9

Euro areap

-0.6

-1.5

0.2

0.6

-1.9

-2.6

-2.4

-1.3

Bulgariap

-1.7

-0.9

0.5

-1.0

-1.3

-2.2

-2.2

-3.0

Czech Republic

-0.1

-0.7

0.6

-0.7

-0.7

-0.9

-0.5

-0.9

Denmark

-0.5

0.5

3.4

-3.3

1.3

1.8

3.8

0.1

Croatiap

-2.8

-7.7

-6.5

-0.9

-4.4

-15.2

-19.6

-16.9

Latvia

1.2

0.1

4.4

0.3

7.4

5.0

8.1

6.2

Lithuania

-0.8

0.7

1.5

-1.8

-1.2

-0.1

2.4

-0.4

Hungary

-2.0

0.6

-0.4

-0.3

-5.3

-5.6

-2.6

-2.1

Poland

c

c

c

c

c

c

c

c

Romania

-0.1

4.3

-0.8

-2.4

-1.3

-0.8

-1.0

0.8

Sweden

0.5

1.7

1.6

1.8

3.8

4.1

4.6

5.8

United Kingdom

-0.7

-0.1

1.8

2.5

2.3

2.2

2.9

3.6

EUp

-0.6

-1.1

0.4

0.7

-1.2

-1.7

-1.4

-0.5

Iceland

0.1

0.7

2.7

2.5

4.7

4.2

4.9

6.1

Norway**

-0.5

2.9

1.1

-1.4

7.4

6.9

4.9

2.1

*     only flats

**    only existing dwellings

:     data not available

p    provisional

c    confidential

 

 

1 thought on “Eurozone house price inflation falls by 1.3%”

  1. optimia developments says:

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