House prices fell by 3,0% in Cyprus, rose by 1.1% in the euro area and rose by 2.6% in the EU in the fourth quarter of 2014 compared with the same quarter of the previous year, according to figures released by Eurostat, the statistical office of the European Union.
Compared with the third quarter of 2014, house prices decreased by 3,3% in Cyprus, decreased slightly in the euro area (-0.1%) and remained stable in the EU in the fourth quarter of 2014.
Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2014 were recorded in Ireland (+16.3%), Malta (+11.0%), Sweden (+10.4%), Estonia (+10.1%) and the United Kingdom (+10.0%), and the largest falls in Slovenia (-4.4%), Cyprus (-3.3%), Latvia (-3.2%) and Italy (-2.9%).
The highest quarterly increases were recorded in Malta (+4.6%), Ireland (+3.8%), Slovakia (+2.1%) and Luxembourg (+2.0%), and the largest falls in Latvia (-10.2%), Lithuania (-4.3%) and Cyprus (-3.0%).
ENDS, CYPRUS NEWS AGENCY