According to the EU statistical service, compared to the first three months of the year, house prices increased by 0.1% on average across the 20 euro countries and 0.3% across the 27 member states.

In the EU, nine Member States recorded year-on-year declines in the indicator and 17 had increases, with no data available for Greece.

The biggest declines compared to the second quarter of 2022 were recorded in Germany (-9.9%), Denmark (-7.6%) and Sweden (-6.8%), while the biggest increases were observed in Croatia ( 13.7%), Bulgaria (10.7%), Lithuania (9.4%) and Portugal (8.7%).

Compared to the first quarter of the year, house prices fell in 11 Member States and increased in 15, with the biggest drops being recorded in Slovakia (-3.9%), Luxembourg (-2.7%) and Hungary (-1.7%) and the main rises observed in Latvia (5.1%), Bulgaria (4.3%) and Estonia (3.8%).

In Portugal, the indicator increased by 3.1% between the first and second quarter of the year.