Housing prices in Europe: 2019 results

Housing prices in Europe: 2019 results

House prices, as measured by the Housing Price Index, rose 4.2% in the euro area (EA19), 4.7% in the EU-27, and decreased 3.7% in Cyprus in the fourth quarter of 2019 compared to the previous year, according to Eurostat, the statistical service of the EU. Compared to the third quarter of 2019, housing prices rose by 0.7% in the euro area, by 0.8% in the EU-27 and decreased by -4.8% in Cyprus in the fourth quarter of 2019.

Among the Member States with available data, the highest annual housing price increases in the fourth quarter of 2019 were recorded in Luxembourg (+ 11.0%), Slovakia (+ 10.9%) and Croatia (10.0%) while prices only fell in Cyprus (-4.8%). Compared to the previous quarter, the highest growth was recorded in Malta (+ 3.5%), Estonia and Croatia (+ 2.9% each) and Poland (+ 2.8%), while the largest decrease was observed.

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