The price of housing rose 4.3% in the fourth quarter of 2015, according to Eurostat

15/02/2016

April 21, 2016

20minutos.es, EP, April 17 - The price of housing in Spain stagnated in the fourth quarter, according to data released by Eurostat, also estimated at 0.0% the rise in all countries the eurozone. However, based on annual terms, the price of housing in Spain registered a rise of 4.3% in the fourth quarter compared with the same quarter of 2014, in line with the increase of 4.5% in the third quarter and 4 % in the second, but much higher than the rise of 1.6% in the first quarter.

The increase in housing prices in the fourth quarter was significantly slowed in all countries of the European Union (EU) to 0.2% from 1.4% the previous quarter, chained two consecutive months of revisions the downside.

The price of housing over the same quarter of the previous year accelerated to 2.9% in the euro area, while in the group of countries comprising the European Union, the increase reached 3.8%.

Among the EU member states for which data are available, the largest annual rise was observed in Sweden (+14.2%), Hungary (+10.3%) and the UK (+7.1%), while sharpest decreases were recorded in Croatia (-4.2%), Italy (-2.1%) and Cyprus (-0.6%). Also, the largest quarterly increase was recorded Bulgaria (+3.1%), Latvia (+ 2.3%) and Sweden (+ 2%) compared with the steep declines in Cyprus (-4.2%), Lithuania ( -2.1%) and Austria (-1.7%).