Romania is one of the EU’s Member States which posted the highest increases in house prices in the first quarter of 2016 yoy – 3.3 percent, followed by Hungary (+5.2 percent), Austria (+4.2 percent), Eurostat, the statistical office of the European Union data show on Tuesday.
Compared with the previous quarter, the largest falls in Cyprus (-3.4 percent) and Malta (-2.8 percent).
At the same time, the highest annual increases in house prices in the first quarter of 2016 were recorded in Hungary (+15.2 percent), Austria (+13.4 percent) and Sweden (+12.5 percent), while falls were observed in Italy and Cyprus (both -1.2 percent).
Eurostat figures also reveal that house prices, as measured by the House Price Index, rose by 3.0 percent in the euro area and by 4.0 percent in the EU in the first quarter of 2016 compared with the same quarter of the previous year.
Compared with the fourth quarter of 2015, house prices rose by 0.4 percent in the euro area and by 0.7 percent in the EU in the first quarter of 2016.