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October 15, 2014

Rating of real estate prices in different European countries

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Rating of real estate prices in different European countries

European statistical agency “Eurostat” published rating of prices for residential real estate in countries, members of the EU.

According to these data, in the second quarter of 2014 the housing prices in Spain rose by 0.8%, compared to the same quarter last year and 1.7%, compared with previous quarter of 2014, according to recent statistics from Eurostat. At the same time, the countries in which was recorded the biggest increase, were Estonia, Ireland and the United Kingdom, with an annual increase in value of the property by more than 10%.

In the area of the single currency euro in average the house prices have remained stable, according to the same dates, published by Eurostat, while they rose by 1.7% in the European Union annually. At the same time, compared to the first quarter of this year, the house prices rose by 0.9% in the euro area and by 1.4% in the European Union.

Between the EU Member States the highest annual price increases were registered in Estonia, with 14.5%, in Ireland 12.5% and in the UK, with 10.2%. In contrast, the largest decrease in home prices were registered in Slovenia -9.8%, Italy 4.8%, and Romania, -3.8%.

 

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