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.
IG/CA // CA
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