House prices fall 3.8 percent in Q2 2014

Newsroom 09/10/2014 | 17:49

House prices, as measured by the House Price Index1 (HPI), remained stable in the euro area and rose by 1.7 percent in the EU in the second quarter of 2014 compared with the same quarter of the previous year, according to Eurostat.

Romania recorded the smallest annual drop in house prices in the second quarter (-3.8 percent), while the biggest falls were recorded in Slovenia (-9.8 percent) and Italy (-4.8 percent).

Compared with the first quarter of 2014, house prices rose by 0.9 percent in the euro area and by 1.4 percent in the EU in the second quarter of 2014.

The highest quarterly increases were recorded in Ireland (+6.8%), Lithuania (+4.1%), Denmark and the United Kingdom (both +3.9%), while falls were observed in Slovenia (-2.6%), Romania (-1.3%) and Italy (-0.5%).