Eurostat: Romania’s house prices increase – 5th highest in EU in Q4 of 2014

House prices in Romania registered a quarterly growth of 1.8 per cent in Q4 of 2014. In the European Union house prices stagnated, while in the Euro Zone they dropped by 0.1 per cent, the data published on Wednesday by Eurostat shows.

Among EU member states, higher house prices quarterly increases were registered only in Malta (4.6 per cent), Ireland (3.8 per cent), Slovakia (2.1 per cent) and United Kingdom (2 per cent). The steepest quarterly drops were registered in Latvia (-10.2 per cent), Lithuania (-4.3 per cent) and Cyprus (-3 per cent).

On the other hand, house prices in Romania registered the smallest annual increase among member states (0.2 per cent). The highest annual increases were registered in Ireland (16.3 per cent), Malta (11 per cent), Sweden (10.4 per cent), Estonia (10.1 per cent) and United Kingdom (10 per cent), while the steepest annual drops were registered in Slovenia (-4.4 per cent), Cyprus (-3.3 per cent), Latvia (-3.2 per cent) and Italy (-2.9 per cent).

According to Eurostat, in the EU house prices registered an annual increase of 2.6 per cent in Q4 of 2014, while in the Euro Zone house prices rose by 1.1 per cent in the same period.


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