Romania’s house prices dropped by one percentage point in the second quarter of 2013 compared to the same period last year and by 0.8 percent compared to the previous quarter, according to data from Eurostat, the statistical office of the European Union.
Overall, house prices, as measured by the House Price Index (HPI), fell by 2.2percent in the euro area and by 1.3percent in the EU in the second quarter of 2013 compared with the same quarter of the previous year. Compared with the first quarter of 2013, house prices rose by 0.3 percent in the euro area and by 0.4percent in the EU in the second quarter of 2013
The highest annual increases in house prices in the second quarter of 2013 were recorded in Latvia (+8.8 percent), Estonia (+8.1 percent) and Luxembourg (+5.1 percent), and the largest drops in Croatia (-19.7 percent), Spain (-10.6 percent) and the Netherlands (-7.5 percent).
The highest quarterly increases in the second quarter of 2013 were reported in Latvia (+5.1 percent), Estonia (+3.7 percent) and Denmark (+3.1 percent), and the largest drops in Croatia (-6.5 percent), the Netherlands (2.0 percent) and Hungary (-0.9 percent).