Eurostat published a report on changes in property prices in the first quarter of 2013. According to the study, the cost of housing in the EU continues to decline, although different in different countries.
Thus, in the euro area prices declined on average by 2.2% year on year. In the EU prices fell by 1.4%.
The highest growth in Europe was recorded in Norway, where prices rose by 8.2%. Large increases were recorded in Estonia (7.7%) and Latvia (7.2%). Slightly lower rates were in Luxembourg (4.3%), Sweden (4.1%) and Malta (3.9%). In the UK and Finland prices grew by 2.2% and 2.1%, respectively. In Denmark prices rose by 1.6%. Belgium showed an increase of 0.8%, while in Slovakia the prices remained the same.
The strongest decline was in Spain (-12.8%), Hungary (-9.3%), Portugal (-7.3%) and the Netherlands (-7.2%). In other countries was also showed a decrease in prices: Lithuania - 0.2%, Cyprus - 0.4%, Romania - 0.8%, Czech Republic - 0.9%, France - 1.4%, Bulgaria - 2.2% Ireland - 3%, Slovenia - 4.3%, Italy - 5.7%.