Malta Records Second-Highest Increase In House Prices Compared To Previous Quarter

19th January 2018

House prices in the EU are up by 4.6 per cent and up by 4.1 per cent in the euro area, according to figures released by Eurostat.

House prices in the EU are up by 4.6 per cent and up by 4.1 per cent in the euro area, according to figures released by Eurostat.

Compared with the previous quarter, the highest increases were recorded in Ireland (+5.7 per cent), Malta (+4.3 per cent) and Netherlands (+3.7 per cent), while decreases were observed in Romania (-1.6 per cent), Finland and Italy (both -0.5 per cent) and Cyprus (-0.3 per cent).

House prices, as measured by the House Price Index, rose by 4.1 per cent in the euro area and by 4.6 per cent in the EU in the third quarter of 2017 compared with the same quarter of the previous year.

Compared with the second quarter of 2017, house prices rose by 1.7 per cent both in the euro area and in the EU in the third quarter of 2017.

Among the EU member states, the highest annual increases in house prices in the third quarter of 2017 were recorded in the Czech Republic (+12.3 per cent), Ireland (+12.0 per cent) and Portugal (+10.4 per cent), while prices fell in Italy (-0.9 per cent).


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