2024-04-07 18:19:51
The housing price index fell 1.1% in the euro zone and 0.2% in the European Union (EU) in the fourth quarter of 2023, compared to the same period last year, according to data released this Thursday by Eurostat.
According to the European statistical service, this is the third consecutive annual decline in the indicator.
Compared to the previous quarter, between last October and December, housing prices fell by 0.7% among euro area countries and 0.3% among Member States as a whole.
Among the 26 Member States for which data is available, eight showed a year-on-year decline in the indicator and the remaining 18 saw increases, including Portugal.
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Luxembourg (-14.4%), Germany (-7.1%) and Finland (-4.4%) showed the main declines and, at the other extreme, Poland (13.0%), Bulgaria (10.1%) and Croatia (9.5%) showed the biggest accelerations in the indicator.
Compared to the previous quarter, the housing price index fell in 11 Member States, remained stable in Italy and accelerated in another 14.
The biggest drops in chain were observed in France (-2.7%), Latvia (-2.5%), Denmark and Sweden (-2.3% each), while the main increases were shown by Poland ( 4.8%), Croatia (3.4%) and Ireland (3.0%).
In Portugal, the indicator accelerated by 7.8% year-on-year and 1.3% compared to the previous quarter.
2024-04-07 18:19:51