The price of housing is rising in Spain above the EU average


Housing prices in Spain rose in the second quarter of 2017 above the eurozone average, though below Ireland or Lithuania. According to Eurostat data, housing increased in Spain by 5.6% in the second quarter compared to a year earlier.
The price of flats and houses grew 3.8% in the euro area in the second quarter of the year, compared to the same period of 2016, while in the European Union as a whole prices rose 4.4%. According to the European Statistical Office, compared to the previous quarter, housing prices increased 1.5% in the euro area and 1.8% in the EU.
By country, the highest increases compared to the second quarter of 2016 were registered in the Czech Republic (+13.3%), Ireland (+10.6%) and Lithuania (+10.2%), 0.2%). Spain is in the middle of the table, with a rebound in housing prices of 5.6%.
Compared to the first quarter of the year, the highest increases were recorded in Latvia (+6.1%), Slovakia (+5.6%) and Romania (+4.9%), while they fell in Hungary (-1.5% ) and Belgium (-0.7%). In Spain the rebound was 2%.