In the 2nd quarter of 2013 housing prices fell by 1.3% in countries of the European Union and by 2.2% in countries of euro area, compared with the same period of the previous year, ee24.com reports citing Eurostat. Though, if we compare 2nd quarter of 2013 with the 1st one, prices slightly increased: by 0.4% in EU members and by 0.3% in countries of euro area.
The highest annual increase happened to housing prices in Latvia (8.8%) and Estonia (8.1%), and the largest fall happend in such countries of Southern Europe as Croatia (-19.7%) and Spain (-10.6%). Compared to previous quarter, the highest increase was also recorded in Latvia (5.1%) and Estonia (3.7%) while Croatia and Netherlands experienced the largest fall (-6.5% and -2%).
The data is based on House Price Indices (HPIs), that includes the dynamics of housing prices for all types of housing (houses, flats etc) in primary and secondary market.
Table of housing price changes in European countries in the Q2 of 2013 г.
| |
To Q2 of 2012 |
To Q1 of 2013 |
| Latvia |
8.8% |
5.1% |
| Estonia |
8.1% |
3.7% |
| Luxembourg1 |
5.1% |
2.8% |
| Sweden |
4.6% |
1.6% |
| Malta |
3.9% |
1.2% |
| Denmark |
3.5% |
3.1% |
| UK |
2.9% |
1.8% |
| Lithuania |
2.4% |
1.5% |
| Finland |
1.4% |
0.5% |
| Slovakia |
1.2% |
0.3% |
| Ireland |
1.2% |
2.3% |
| Belgium |
0.4% |
0.0% |
| Czech Republic |
-0.8% |
0.3% |
| Romania |
-1.0% |
-0.8% |
| France |
-1.1% |
0.7% |
| Bulgaria2 |
-2.2% |
0.5% |
| Portugal2 |
-4.3% |
0.9% |
| Hungary |
-4.5% |
-0.9% |
| Slovenia |
-4.6% |
0.8% |
| Italy2 |
-5.9% |
-0.6% |
| Netherlands |
-7.5% |
-2.0% |
| Spain |
-10.6% |
-0.8% |
| Croatia |
-19.7% |
-6.5% |
| EU |
-1.3% |
0.4% |
1flats only
2preliminary
Data on Austria, Germany, Greece, and Cyprus is unknown, data on Poland is confidential.