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Eurostat: Romania, EU’s biggest drop in house prices in Q2 of this year

The recent data of Eurostat, the statistical office of the European Union, show that the highest quarterly fall in house prices was recorded by Romania (- 1.1 percent), followed by Malta (- 0.3 percent) and Italy (- 0.1 percent).

At the same time, the highest quarterly increases were recorded in Cyprus (+ 7.4 percent), Austria (+ 6.4 percent), Denmark and Spain (+ 4.1 percent each).

Among the Member States for which data are available, the highest annual increases in house prices in the second quarter of 2015 were recorded in Sweden (+ 13.0 percent), Hungary (+ 11.9 percent), Ireland (+ 10.7 percent) and Estonia (+ 10.5 percent), and the largest falls in Latvia (- 4.4 percent), Italy (- 3.0 percent) and France ( – 2.2 percent).

House prices, as measured by the House Price Index, rose by 1.1 percent in the euro area and by 2.3 percent in the EU in the second quarter of 2015 compared with the same quarter of the previous year. Compared with the first quarter of 2015, house prices rose by 1.2 percent in the euro area and by 1.3 percent in the EU in the second quarter of 2015.

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