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Eurozone home prices fall 1.4% in 2013

Posted by: In: Real Estate 14 Apr 2014 Comments: 0 Tags: ,

Estonia – with a 15.6% rise – Latvia and Sweden lead the way, with Croatia – down 14.4% –Cyprus and Spain property markets seeing the worst results in 2013, Eurostat data shows

European property prices have fallen during 2013 by an average of 1.4% across the Eurozone and 0.1% across the European Union, the latest figures show.

The best performers during 2013 came in Estonia, which rose 15.6%, Latvia, up 7.9%, and Sweden, up 7% according to the House Price Index, just released by the European statistics agency, Eurostat. The highest quarterly increases in the last three months of the year were in Latvia, at 2.7%, Estonia and Lithuania, up 2.6%, and Ireland, up 2.5%.

The biggest annual falls came in Croatia, down 14.4%, followed by Cyprus, down 9.4%, and Spain, down 6.3%. The largest quarterly decreases were in Hungary, down 1.8%, Spain, down 1.3% and Denmark and Italy, down 1.2%.

Property prices in the Eurozone, consisting of countries that have adopted the European currency, fell even more, down 0.7% on the third quarter of 2013 compared with 0.3% across the European Union. Figures were not recorded for Germany, Greece, Austria. Poland data was kept confidential.

Even though Eurostat says French home prices fell 1.5% …read more

Source: OPP



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