House prices soar in the EU
Second quarter of 2021 compared with second quarter of 2020.
In the second quarter of 2021, house prices, as measured by the House Price Index, rose by 6.8% in the euro area and by 7.3% in the EU compared with the same quarter of the previous year
According to the data released by Eurostat, this is the highest annual increase for the euro area since the fourth quarter of 2006, and since the third quarter of 2007 for the EU.
In the first quarter of 2021, house prices rose by 5.7% and 6.1% respectively. These figures come from Eurostat, the statistical office of the European Union. Compared with the first quarter of 2021, house prices rose by 2.6% in the euro area and 2.7% in the EU in the second quarter of 2021.
Among the Member States for which data are available, eleven showed an annual increase in house prices in the second quarter of 2021 of more than 10%. The highest annual increases were recorded in Estonia (+16.1%), Denmark (+15.6%) and Czechia (+14.5%), while prices fell only in Cyprus (-4.9%).
Compared with the previous quarter, prices increased in all Member States. The highest increases were recorded in Latvia (+6.7%), Slovenia (+4.5%) and Austria (+4.2%).