Property News

Prices still rising…

RM1073-00

The price of housing in Spain rose by 0.2% in the last quarter of 2014, compared with the same period of the previous year, according to recent data from the European Commission statistical office, Eurostat, while house prices in the countries of the eurozone registered an increase of 1.1% over the same period.

El Mundo reported that in the whole of the European Union (EU), Eurostat’s data shows that house prices registered a 2.6% decline in the fourth quarter of 2014, compared with the same period of 2013.

Quarter-on-quarter, compared with the third quarter of 2014, the price of housing fell slightly in the period from October to December in the eurozone (-0.1%), and remained stable in the EU.

Among the Member States for which data are available, the greatest year-on-year increases in housing prices registered in the fourth quarter of 2014 were for Ireland (+16.3%), Malta (+11%), Sweden (+10.4%), Estonia (+10.1%) and the United Kingdom (+10%).

In contrast, the most notable year-on-year declines in housing prices occurred in Slovenia (-4.4%), Cyprus (-3.3%), Latvia (-3.2%) and Italy (-2.9%).

Quarter-on-quarter, the most significant increases were recorded for Malta (+4.6%), Ireland (+3.8%), Slovakia (+2.1%) and Luxembourg (+2%), while the sharpest declines quarter-on-quarter were recorded for Latvia (-10.2%), Lithuania (-4.3%) and Cyprus (-3%).

Information courtesy of kyero