House prices down by 0.3% in the euro area

House prices, as measured by the House Price Index (HPI), fell by 0.3% in the euro area and rose by 1.0% in the EU in the first quarter of 2014 compared with the same quarter of the previous year. These figures come from Eurostat, the statistical office of the European Union.
 
Compared with the fourth quarter of 2013, house prices fell by 0.3% in the euro area and rose by 0.2% in the EU in the first quarter of 2014.
 
House price developments in the EU Member States
 
Among the EU Member States for which data are available, the largest annual falls in house prices in the first quarter of 2014 were recorded in Croatia (-9.7%), Slovenia (-6.6%) and Cyprus (-5.7%), and the highest increases in Estonia (+17.5%), Latvia (+10.4%) and the United Kingdom (+8.0%).
 
The largest quarterly falls were recorded in Croatia (-2.7%), Luxembourg (-2.3%), and Slovenia (-1.7%), and the highest increases in Estonia (+4.8%), Sweden (+2.4%) and the United Kingdom (+2.2%).