Spanish property prices outperform EU and Eurozone markets
By Mas Property
on Sun Jul 23 2017
The latest data related to residential property issued by Eurostat, the EU+s statistics office, show that house prices rose by 4.0% in the Eurozone and by 4.5% in the EU as a whole in the in the 12 months which ended in the first quarter of 2017, and also reveal that the Spanish market performed favourably in comparison with these averages.
According to the figures which were made public on Wednesday, the average price of housing Spain was 5.3% higher in the first quarter of this year than 12 months previously, with much of the increase being due to a rise of 2.3% in the first quarter alone. This three-monthly appreciation in value compared well to the EU and Eurozone rises, which were 0.7% and 0.4% respectively
Among the Member States for which data are available, the highest annual increases in house prices in the first quarter of 2017 are reported in the Czech Republic (12.8%), Lithuania (10.2%) and Latvia (10.1%), while prices fell in Croatia (-0.4%) and Italy (-0.1%).
In terms of variations during the first quarter of this year alone, the Czech Republic again led the way with a rise of 2.9%m followed by Latvia (2.8%), Sweden (2.5%) and Spain, while at the other end of the scale were falls in average price of 5.4% in Malta, 2.4% in Slovakia and 1.4% in Cyprus.
Source: Spanish News Today, July 2017