Housing prices continue to fall in the Eurozone

Housing prices continue to fall in the Eurozone

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Housing prices in the euro area continued their downward trend during the last three months of 2013. This was stated in the report, which was presented yesterday Statistical Office Eurostat .

As evidenced by the data , the house price index for the 18 countries in the currency bloc in the 4th quarter fell 1.4 % year on year , after declining by 1.3% in the 3rd quarter. Recall also that in the 2nd quarter of 2013 the price index decreased by 2.2 %.

In quarterly terms , housing prices in the euro area fell in the 4th quarter by 0.7 % , after growth of 0.4 % in the 2nd and 3rd quarters of 2013.

In addition, it also became known that housing prices in the EU declined by 0.1 % per annum, after 0.4 % reduction in the previous quarter . Quarter -on-quarter , housing prices in the EU declined by 0.3 % , after 0.6% growth in the previous 3 months .

Among EU Member States , the largest drop in prices was observed in Croatia, Cyprus and Spain. Besides , the biggest increase was recorded in Estonia, Latvia and Sweden.

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