House prices rise annually by 4.2% in the EU during Q4 and by 1.6% in Cyprus

House prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the fourth quarter of 2018 compared with the same quarter of the previous year and by 1.6% in Cyprus, according to Eurostat, the statistical office of the European Union.

Compared with the third quarter of 2018, house prices rose by 0.7% in the euro area, by 0.6% in the EU in the fourth quarter of 2018 and by 3.5% in Cyprus.

Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2018 were recorded in Slovenia (+18.2%), Latvia (+11.8%) and Czechia (+9.9%), while prices fell in Italy (-0.6%). Compared with the previous quarter, the highest increases were recorded in Slovenia (+6.5%), Latvia (+4.3%) and Malta (+3.8%), while decreases were observed in Denmark (-1.7%), Belgium (-0.5%), United Kingdom (-0.4%), Sweden (-0.2%), Italy (-0.2%) and France (-0.2%).

SOURCE: CNA