In the third quarter of 2022, house prices, as measured by the House Price Index, rose by 6.8% in the euro area and by 7.4% in the EU compared with the same quarter of the previous year.
In the second quarter of 2022, house prices rose by 9.2% and 9.8% in the euro area and EU respectively. These figures come from Eurostat, the statistical office of the European Union.
Compared with the second quarter of 2022, house prices rose by 1.0% in the euro area and by 0.9% in the EU in the third quarter of 2022.
Among the Member States for which data are available, fifteen showed an annual increase in house prices in the third quarter of 2022 of more than 10%. The highest increases were recorded in Estonia (+24.2%), Hungary(+21.0%) and Lithuania (+19.3%), while prices fell only in Denmark (-2.4%).
In Malta, when comparing the third quarter of 2021 with the same quarter of 2022, prices went up by 6.3%.
On the other hand, compared with the previous quarter, prices increased in twenty Member States, including Malta (1.1%).
The highest increases were recorded in Cyprus (+5.8%), Bulgaria (+4.1%) and Austria (+4.0%), while decreases were observed in Denmark(-3.8%), Sweden (-3.1%), Finland (-1.3%), Romania (-1.2%), Italy (-1.0%) and Germany (-0.4%).
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Photo Source: Polina Kovaleva