13.04.2014 8:28

Housing prices continue to fall in the Eurozone

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.