Romania, ninth in EU in terms of housing prices increase in Q4 of 2016

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Housing prices in Romania went up by 1.7 percent in the fourth quarter of 2016 compared with the previous three months, which is the ninth largest increase recorded among the EU Member States, Eurostat, the statistical office of the European Union, informs on Monday.

House prices, as measured by the House Price Index, rose by 4.1 percent in the euro area and by 4.7 percent in the EU in the fourth quarter of 2016 compared with the same quarter of the previous year.

Compared with the third quarter of 2016, house prices rose by 0.8 percent in both zones in the fourth quarter of 2016.

On annual rate, the housing prices in Romania increased by 7.3 percent in the fourth quarter of 2016 compared to the same period in 2015.

Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2016 were recorded in the Czech Republic (+11 percent), Hungary (+9.7 percent) and Lithuania (+9.5 percent), while prices remained nearly stable in Italy (+0.1 percent).

Compared with the previous quarter, the highest increases were recorded in Malta (+6 percent), the Czech Republic (+4.7 percent), the Netherlands (+3.2 percent) and Cyprus (+3.1 percent), and the largest decreases in Denmark (-1.5 percent), Croatia (-0.6 percent) and Belgium, (-0.4 percent).

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