House prices rise in Europe
According to the statistical office of the European Union-Eurostat, house prices rose by 2.9% in the euro area and by 3.8% in the EU in the fourth quarter of 2015 compared with the same quarter of the previous year.
Compared with the third quarter of 2015, house prices remained stable in the euro area and rose by 0.2% in the
EU in the fourth quarter of 2015.
Among the Member States for which data are available, the highest annual increases in house prices in the fourth
quarter of 2015 were recorded in Sweden (+14.2%), Hungary (+10.3%) and the United Kingdom (+7.1%), while
falls were observed in Croatia (-2.1%), Italy (-0.9%) and Cyprus (-0.6%).
The highest quarterly increases were recorded in Bulgaria (+3.1%), Latvia (+2.3%) and Sweden (+2.0%), and the
largest falls in Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%).