According to data published this Thursday by Eurostat, the house price index fell by 1.1% in the euro area and by 0.2% in the European Union (EU) in the fourth quarter of 2023 compared to the same period last year.
According to the European Statistical Office, this is the third annual decline in a row.
Compared to the previous quarter, between October and December last year house prices fell by 0.7% among eurozone countries and by 0.3% among member states as a whole.
Among the 26 member states for which data is available, eight recorded a year-on-year decline and the remaining 18 saw an increase, including Portugal.
Luxembourg (-14.4%), Germany (-7.1%) and Finland (-4.4%) showed the main decline, with Poland (13.0%) and Bulgaria (10.1%) at the other extreme. and Croatia (9.5%). the highest acceleration of the indicator.
Compared to the previous quarter, the house price index fell in 11 Member States, remained stable in Italy and accelerated in a further 14.
The largest drop in the chain was observed in France (-2.7%), Latvia (-2.5%), Denmark and Sweden (-2.3%), while the main growth was demonstrated by Poland (4.8%), Croatia (3. 4%). and Ireland (3.0%).
In Portugal, the figure accelerated by 7.8% year on year and by 1.3% compared to the previous quarter.
Author: Lusa
Source: CM Jornal
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