The FINANCIAL -- House prices, as measured by the House Price Index (HPI), rose by 0.9% in the euro area and by 2.5% in the EU3 in the first quarter of 2015 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.
Compared with the fourth quarter of 2014, house prices rose by 0.3% in the euro area and by 0.6% in the EU in the first quarter of 2015.
House price developments in the EU Member States
Among the Member States for which data are available, the highest annual increases in house prices in the first quarter of 2015 were recorded in Ireland (+16.8%), Sweden (+11.6%), Hungary (+9.7%) and the United Kingdom (+8.5%), and the largest falls in Latvia (-5.8%), Italy (-3.3%), France (-1.6%) and Slovenia (-1.4%).
The highest quarterly increases were recorded in Romania (+4.1%), Sweden (+3.9%), Hungary (+3.7%) and Denmark (+3.5%), and the largest falls in Belgium, Cyprus and Croatia (all -2.8%).