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At the beginning of this year, the countries of the European Union recorded the largest increase in house prices since 2007. Prices rose by 4.7% year-on-year, 4.5% in the eurozone being traditionally slightly more modest. The data were published by the Statistical Office of Eurostat
Among the countries, prices suffered the most in Latvia, Slovenia, Ireland, Portugal, Slovakia and Hungary compared to beginning of last year. For a long time, up to six countries recorded a two-digit increase over the previous year. In recent quarters, it accounted for half of this figure.
A very strong increase has been achieved by a majority of Member States, only three of which are fewer, and only a slight increase – Finland, Sweden and Italy. While there is a more enduring trend for the South, Finland has only slightly advanced last year, the development of Sweden. The current market has allocated more than eight percent of its price over the past year, but has gradually mitigated its effects.
Looking at the price trend over the first three months of the year, however, the gradual increase in the rate of increase is visible. The average price for the whole of the European Union has only increased by 0.7% and the euro area remains slightly more moderate.
Developments in different countries are very different, some have maintained a sharp rise in prices, or they have felt more expensive than last year. Among them, Latvia (+ 7.5%), Hungary and Slovenia (+ 4.4%) or Portugal (+ 3.7%). Slovakia and Slovakia (+ 2.9%) are among the most dynamic advisors.
The decline or stagnation of real estate prices was felt by seven countries between the beginning of January and the end of March. Mainly Malta (-4.7%), Cyprus (-1.8%) and Sweden (-0.8%)
Annual change in housing prices in the EU (1st quarter of 2018) [19659008] Latvia | +13.7 | Poland | +6.0 | |||
Latvia | +5 8 | |||||
Ireland | + 12.3 | Germany | +5.3 | |||
Portugal | +12.2 | Austria | +5.3 | |||
Slovakia | +11.5 | +11.7 | +5.2 | |||
Hungary | +11.5 | 3 | Cyprus | +3.7 | ||
Croatia | +8,5 | France | +3,4 | |||
Lithuania | +7 , 8 | Belgium | + 2,5 | |||
Czech | +7,7 | Finland | -0.1 | |||
Bulgaria | +7.1 | Sweden | -0 4 | |||
Estonia | + 6.6 | Italy | -0.4 | |||
Rania | +6.6 | [19659012] Luxembourg | +6,2 | L [19659011] +4,7 | ||
Spain | +6,2 | euro area [19659013] +4,5 | ||||
Source: Eurostat, Note: data for Greece are not available |
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