EUROPEAN HOUSE PRICE CHANGE RANKING: SPAIN NOT LAST FOR ONCE

By on February 5th, 2015

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European House Price Change Ranking: Spain Not Last For Once

Image Source: Spanish Property Insight

Spanish house prices increased an annualised 0.3{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb} in the third quarter of 2014, compared to 2.3{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb} in the European Union, and 0.5{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb} in the Eurozone, all according to the Eurostat House Price Index published in January.

 In the second quarter in a row Spanish house prices were up on an annualised basis, after many years of contraction. For once Spain is not amongst the countries where house prices fell the most.

That distinction goes to Slovenia (-5.4{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb}), Italy (-3.8{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb}), and Romania (-2.3{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb}).

At the other end of the scale, prices rose the most in Ireland (+15{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb}), Estonia (+13.2{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb}), and the UK (+11.7{8ffce72bfd1f9b3f5d8b0ef2230e543e76a5ce407a245cd6391b5bca5679dfbb}).

Image Source: Spanish Property Insight
Source: Spanish Property Insight

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