Malta shows highest quarterly increase in house prices in EU

The House Price Index for the European Union has measured a 2.3% increase in house prices in the euro area, with Malta showing the highest quarterly increase of 6.2% for the third quarter of 2015.

Eurostat data shows that there was a 3.1% increase in the EU in the third quarter of 2015, when compared with the same period of the previous year.

Compared with the second quarter of 2015, house prices rose by 1.0% in the euro area and by 1.3% in the EU in the third quarter of 2015.

Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2015 were recorded in Sweden (+13.7%), Austria (+9.3%), Ireland (+8.9%) and Denmark (+7.2%). Falls were observed in Latvia (-7.6%), Croatia (-3.0%), Italy (-2.3%) and France (-1.2%).

The highest quarterly increases were recorded in Malta (+6.2%), Ireland (+4.5%), Austria (+4.1%), Sweden and the United Kingdom (both +3.9%), and the largest falls in Hungary (-5.9%), Slovenia (-3.5%) and Estonia
(-1.9%).