In 4 months after the end of Q3 2013, we finally got the official statistical data on housing prices in the EU. Estonia is the leader, and Croatia is the outsider, according to ee24.com citing Eurostat.
On an annualized basis, in Q3 2013 prices of residential properties have increased the most in Estonia (+11.1%), Luxembourg (+6.5%) and Latvia (6.2%), while they have fallen in Croatia (-16.9%), Cyprus (-8%) and Spain (-6.4%).
Gainers are (y-o-y, from Q3 2012 to Q3 2003):
| Estonia |
+11.1% |
| Luxembourg (apartments only) |
+6.5% |
| Latvia |
+6.2% |
| Sweden |
+5.8% |
| Ireland |
+3.7% |
Property prices in Iceland have grown by 6.1%, but the country is not a member of the EU.
Leaders by fall in prices are (y-o-y, from Q3 2012 to Q3 2003):
| Croatia |
-16.9% |
| Cyprus |
-8% |
| Spain |
-6.4% |
| Slovenia |
-5.3% |
| Italy |
-6% |
In general, in the eurozone housing has become cheaper by 1.3%, while in the European Union - by 0.5%.