Houses in the euro zone have again risen in price. In the fourth quarter of last year, owner-occupied homes in the euro countries became on average 4.2 percent more expensive compared to the same period a year earlier. That is what the European statistics agency Eurostat is announcing.
House prices also rose by 4.2 percent throughout the European Union. The strongest increase was measured in Slovenia, where houses became on average 18.2 percent more expensive. Latvia and the Czech Republic follow with price increases of 11.8 and 9.9 percent respectively.
In the Netherlands, prices went up by 9.3 percent. Italy was the only country where house prices fell on an annual basis, on average by 0.6 percent.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email maurice.eisma@economicinform.com
