House prices fall in the EU in the 2nd quarter, Portugal with the 4th highest increase


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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.

Iris Lavan
Iris Lavan
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

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