House prices fell by 1.7% in the second quarter in the eurozone and by 1.1% in the European Union (EU) compared to the same period last year, with Portugal recording the fourth highest increase (8.7%), according to data released today by Eurostat.
According to the EU’s statistical office, compared to the first three months of the year, house prices rose by 0.1% in the average of the 20 euro countries and 0.3% in the 27 member states.
In the EU, nine member states recorded year-on-year decreases in the indicator and 17 recorded increases, with no data available for Greece.
The biggest falls compared to the second quarter of 2022 were recorded in Germany (-9.9%), Denmark (-7.6%) and Sweden (-6.8%), while the biggest rises were seen in Croatia (13.7%), Bulgaria (10.7%), Lithuania (9.4%) and Portugal (8.7%).
Compared to the first quarter of the year, house prices fell in 11 member states and rose in 15, with the biggest falls in Slovakia (-3.9%), Luxembourg (-2.7%) and Hungary (-1.7%) and the main rises in Latvia (5.1%), Bulgaria (4.3%) and Estonia (3.8%).
In Portugal, the indicator increased by 3.1% between the first and second quarters of the year.