House prices fell by 0.4% in the eurozone and rose by 1.3% in the European Union (EU) in the first quarter of this year compared to the same period in 2023, Eurostat reported on Friday.
Data published this Friday by the EU Statistics Office show that in the first quarter of 2024, house prices, measured by the house price index, fell by 0.4% in the single currency area and rose by 1.3% in the EU as a whole, compared with the same quarter of the previous year.
Earlier, in the fourth quarter of 2023, house prices fell by 1.2% in the eurozone and rose by 0.2% in the EU, Eurostat added.
In the downward scenario, in the first three months of this year compared to the fourth quarter of 2023, house prices fell by 0.1% in the euro area and rose by 0.4% in the EU.
Among Member States for which data are available, seven recorded an annual decline in house prices in the first quarter of 2024, while 19 recorded an annual increase.
In particular, according to Eurostat, the largest annual decline was recorded in Luxembourg (-10.9%), Germany (-5.7%) and France (-4.8%), while the largest growth was observed in Poland (+18.0%), Bulgaria (+18.0%), Bulgaria (-5.7%), France (-4.8%), +16.0%) and Lithuania (+9.9%).
Compared with the previous quarter, prices fell in eight EU Member States and rose in 18 EU Member States, with the largest declines observed in Denmark (-2.5%), France (-2.1%) and Slovakia (-1.7%), while the largest increases were observed in Bulgaria (+7.1%), Hungary (+5.1%) and Poland (+4.3%).
Author: Lusa
Source: CM Jornal
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