Eurostat: Romania house prices down 2.4 pct in Q3 2013

Newsroom 21/01/2014 | 15:17

House prices dropped by 2.4 percent in Romania in the third quarter of 2013 compared to the previous quarter, according to data from Eurostat, the statistical office of the European Union.

Higher quarterly drops were reported in Slovenia (-4.0 percent) and Denmark (-3.3 percent) while the highest quarterly increases were recorded in Estonia (+5.3 percent), Ireland (+4.1 percent), and the United Kingdom (+2.5 percent).

Overall, house prices, as measured by the House Price Index (HPI), fell by 1.3 percent in the euro area and by 0.5 percent in the EU in the third quarter of 2013 compared with the same quarter of the previous year, according to Eurostat. Compared with the second quarter of 2013, house prices rose by 0.6 percent in the euro area and by 0.7 percent in the EU.

The highest annual increases in house prices in the third quarter of 2013 were recorded in Estonia (+11.1 percent), Luxembourg (+6.5 percent, flats only) and Latvia (+6.2 percent), and the largest drops in Croatia (-16.9 percent), Cyprus (-8.0 percent) and Spain (-6.4 percent).

Simona Bazavan