OREANDA-NEWS. House prices, as measured by the House Price Index, rose by 2.3% in the euro area and by 3.1% in the EU in the third quarter of 2015 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.

Compared with the second quarter of 2015, house prices rose by 1.0% in the euro area and by 1.3% in the EU in the third quarter of 2015

House price developments in the EU Member States

Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2015 were recorded in Sweden (+13.7%), Austria (+9.3%), Ireland (+8.9%) and Denmark (+7.2%). Falls were observed in Latvia (-7.6%), Croatia (-3.0%), Italy (-2.3%) and France (-1.2%).

The highest quarterly increases were recorded in Malta (+6.2%), Ireland (+4.5%), Austria (+4.1%), Sweden and the United Kingdom (both +3.9%), and the largest falls in Hungary (-5.9%), Slovenia (-3.5%) and Estonia (-1.9%).