(14 January 2021) – In the third quarter of 2020, house prices rose by 4.9% in the euro area and by 5.2% in the EU compared with the same quarter of the previous year.
In the second quarter of 2020 house prices rose by the same annual rates, 4.9% and 5.2% respectively.
Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2020 were recorded in Luxembourg (+13.6%), Poland (+10.9%) and Austria (+8.9%), while prices fell in Cyprus (-1.4%) and Ireland (-0.8%).
Compared with the previous quarter, the highest increases were recorded in Hungary (+5.2%), Denmark (+4.2%) and Latvia (+3.7%), while decreases were observed in Cyprus (-4.8%), Romania (-2.6%), Italy (-2.5%) and Croatia (-0.6%).