Portugal: House prices rise above EU average in Q4 2016

Page created: Friday, 7 April 2017 13:05 GMT

EU  Euro Area  House Prices

Brussels, April 7 (Lusa) – House prices in the European Union rose by an average of 4.1% on year in the Euro Zone and 4.7% in the European Union (EU) in the fourth quarter of 2016, with Portugal recording higher price rises compared to both averages, Eurostat said on Friday.

In Portugal, house prices rose 7.6%, but the highest on year rises were seen in the Czech Republic (11.0%), in Hungary (9.7%) and in Lithuania (9.5%), and there were no downturns in prices according to Eurostat’s figures.

Compared to the previoous quarter, house prices rose by 0.8% both in the Euro Zone and in the EU, and the biggest rises were seen in Malta (6.0%), the Czech Republic (4.7%), the Netherlands (3.2%) and in Cyprus (3.1%), with the most significant drops experienced in Denmark (-1.5%), in Croatia (-0.6%) and in Belgium (-0.4%).

In Portugal, house prices rose by 1.2% compared to the previous quarter.