Romania, the only EU member state where house prices were down in Q3 last year

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The house prices across the European Union has increased by 1.5% in the third quarter of last year compared to the second quarter, while Romania is the only EU member state where the house prices has fallen by 0.7% from a quarter to another, according to the House Price Index released by Eurostat, the statistical office of the European Union on Thursday.

House prices, as measured by the House Price Index, rose by 3.4% in the euro area and by 4.3% in the EU in the third quarter of 2016 compared with the same quarter of the previous year.

Compared with the second quarter of 2016, house prices rose by 1.3% in the euro area and by 1.5% in the EU in the third quarter of 2016.

Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2016 were recorded in Hungary (+11.6%), Latvia (+10.8%) and Bulgaria(+8.8%), while falls were observed in Cyprus (-3.3%) and Italy (-0.9%).

Compared with the previous quarter, the highest increases were recorded in Malta (+5.4%), Ireland (+4.7%), Estonia, Lithuania and Hungary (all +3.4%), while a decrease

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