House prices fall 3% y-o-y in 4Q 2014

Financial Mirror (Cyprus) - - FRONT PAGE -

House prices in Cyprus fell by 3.0% in the fourth quar­ter of 2014, rose by 1.1% in the euro area and rose by 2.6% in the whole EU, com­pared with the last quar­ter of 2013, ac­cord­ing to 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.

Among the EU mem­ber states, 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%).

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.