House Price Index, Q4 2016, Eurostat

House prices up by 4.1% in the euro area

Up by 4.7% in the EU

Announcement

Starting with the release of data for Q1 2017, planned for 19 July 2017, the HPI series will be published with reference year 2015=100, in place of the current reference year 2010=100.

House prices, as measured by the House Price Index, rose by 4.1% in the euro area and by 4.7% in the EU in the fourth quarter of 2016 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.

Compared with the third quarter of 2016, house prices rose by 0.8% in both zones in the fourth quarter of 2016.

House price developments in the EU Member States

Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2016 were recorded in the Czech Republic (+11.0%), Hungary (+9.7%) and Lithuania (+9.5%), while prices remained nearly stable in Italy (+0.1%).

Compared with the previous quarter, the highest increases were recorded in Malta (+6.0%), the Czech Republic (+4.7%), the Netherlands (+3.2%) and Cyprus (+3.1%), and the largest decreases in Denmark (-1.5%), Croatia (-0.6%) and Belgium (-0.4%).