Romania posts EU’s highest quarterly increases in house prices

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Romania recorded the highest quarterly increases in house prices this year in the European Union, + 4.1 percent, followed by Sweden (+ 3.9 percent), Hungary (+ 3.7 percent) and Denmark (+3.5 percent), and the largest falls in Belgium, Cyprus and Croatia (all – 2.8 percent), Eurostat, the statistical office of the European Union, shows on Thursday.

House prices, as measured by the House Price Index (HPI), rose by 0.9 percent in the euro area and by 2.5 percent in the EU in the first quarter of 2015 compared with the same quarter of the previous year.

Compared with the fourth quarter of 2014, house prices increased by 0.3 percent in the euro area and by 0.6 percent in the EU in the first quarter of 2015.

Eurostat data also reveal that among the Member States for which data are available, the highest annual increases in house prices in Q1 2015 were recorded in Ireland (+16.8 percent), Sweden (+11.6 percent), Hungary (+9.7 percent) and theUnited Kingdom (+8.5 percent), and the largest falls in Latvia (-5.8 percent), Italy (-3.3 percent), France (- 1.6 percent) and Slovenia (-1.4 percent).

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