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House prices advance 6.8% in the euro zone and 13.1% in Portugal in the 3rd quarter of 2022

The year-on-year price of housing increased, in the third quarter of 2022, by 6.8% in the euro zone and by 7.4% in the European Union (EU), with Portugal registering an above-average increase (13.1 %), reveals this Tuesday Eurostat.

According to the community statistical service, compared to the previous quarter, between July and September house prices rose 1.0% in the euro area and 0.9% in the EU.

In the year-on-year variation, 15 Member States recorded increases of more than 10% in the indicator, with the largest increases being recorded in Estonia (24.2%), Hungary (21.0%) and Lithuania (19.3%), with Denmark presenting the only drop (-2.4%).

Compared to the second quarter of 2022, house prices advanced in 20 Member States, with an emphasis 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%) all registered declines in the indicator.

In the third quarter of 2022, house prices rose, in Portugal, by 13.1% year-on-year and 2.9% year-on-year.

Source: TSF

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