Q2 Spanish House Prices Up 0.8% YoY
According to a recent press release from the European Union statistical office,Eurostat, the price of housing in Spainrose by 0.8% in the second quarter of 2014 compared to the same period last year, which is well behind countries such as Estonia, Ireland and the UK, where the prices registered increases of 14.5%, 12.5% and 10.2%, respectively.
In the same period, prices remained stable in the eurozone countries, and in the whole of the European Union they rose by 1.7%, according to the figures released last week. Compared with the first quarter of 2014, from April to June housing prices rose by 0.9% in the eurozone and by 1.4% in the EU.
Among the countries for which data are available, El Economista reported that the largest decreases registered in the second quarter, compared to the same quarter last year, were in Slovenia (-9.8%), Italy (-4.5%) and Romania (-3.8%). Quarter-on-quarter (second quarter over the first quarter) the biggest increases were registered in Ireland (6.8%), Lithuania (4.1%), Denmark and the UK (3.9% each), while the greatest declines were recorded in Slovenia (-2.6%), Romania (-1.3%) and Italy (-0.5%).
In Spain, the Eurostat figures show that housing prices rose by 1.7% in the quarter from April to June compared to the first quarter of 2014, when a decrease of -0.3% was recorded.