Portugal sees EU’s second biggest increase in housing prices

in News · 12-04-2018 14:33:00 · 0 Comments

Portugal recorded the second highest annual increase in housing prices (10.5 percent) in the fourth quarter of 2017, which increased more than twice as much as in the eurozone and the EU, Eurostat announced on Wednesday.

Between October and December 2017, according to the EU’s official statistics office, the housing price index rose 4.2 percent in the eurozone and 4.5 percent across all 28 Member States, compared to the same quarter last year.
The highest increases in house prices, as measured by the housing price index, were recorded in Ireland (11.8 percent), Portugal (10.5 percent) and Slovenia (10.0 percent).
Just one country saw a reduction and that was Italy (-0.3 percent).

Compared to the previous quarter housing prices increased by 0.9 percent in the eurozone and 0.7 percent across the EU.
With regards to quarter-on-quarter rates, the highest increases were recorded in Slovenia (3.7 percent), Croatia (3.2 percent) and Cyprus (2.7 percent) with four declines: in Sweden (-2.8 percent), Denmark (-1.7 percent), Belgium (-0.4 percent) and Finland (-0.3 percent).
In Portugal, the indicator grew 1.2 percent from the third quarter to the fourth quarter of 2017.


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