House prices in the EU bloc rose 1% on the year in the first months of 2014, the EU’s statistics agency Eurostat said.
The largest annual falls in house prices in the first quarter of 2014 were recorded in Croatia (-9.7), Slovenia (-6.6%) and Cyprus (-5.7%), and the highest increases in Estonia (+17.5%), Latvia (+10.4%) and the United Kingdom (+8%).
In quarterly terms, Romanian house prices advanced 0.6% in the first three months of the year, the data showed. EU prices inched up 0.2% on the quarter.
The largest quarterly falls in the bloc were reported in Croatia (-2.7%), Luxembourg (-2.3%) and Slovenia (-1.7%), and the highest increases in Estonia (+4.8%), Sweden (+2.4%) and the United Kingdom (+2.2%).
Eurostat’s House Price Index measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners.
The figures are not seasonally adjusted.