Year-over-year house prices rose by 6.8% in the eurozone and by 7.4% in the European Union (EU) in the third quarter of 2022, with Portugal registering an above-average increase (13.1%), today Eurostat reveals .
Compared to the previous quarter, house prices rose by 1.0% in the Eurozone and by 0.9% in the EU between July and September compared to the previous quarter, according to the municipal statistics office.
In the year-on-year variation, 15 Member States recorded increases of more than 10% in the indicator, with the largest increases in Estonia (24.2%), Hungary (21.0%) and Lithuania (19.3%), with Denmark showing the only decrease (-2.4%).
Compared to the second quarter of 2022, house prices increased in 20 Member States, with a focus on Cyprus (5.8%), Bulgaria (4.1%) and Austria (4.0%), with Denmark (-3. 8%), Sweden (-3.1%), Finland (-1.3%), Romania (-1.2%), Italy (-1.0%) and Germany (-0.4%) recorded declines in the indicator.
In the third quarter of 2022, house prices in Portugal increased by 13.1% year-on-year and 2.9% year-on-year.
Source: DN
