10/10/2014 – El Economista
In the second quarter of the year, homes in Spain appreciated by 0.8% year-on-year, underperforming in reference to countries like Estonia (a 14.5% upsurge), Ireland (up 12.5%) and the United Kingdom (up 10.2%), reports Eurostat.
In other eurozone countries property values remained stable, while in the European Union as a whole they rose 1.7% from April to June 2014.
Compared with the first quarter of 2014, the prices increased 0.9% in the eurozone and 1.4% in the EU.
Most acute falls were witnessed in Slovenia (9.8%), Italy (4.5%) and Romania (3.8%), whereas housing values really shot up in Ireland (6.8%), Lithuania (4.1%), Denmark and the UK (both 3.9%).
In case of Spain, prices went up 1.7% quarter-on-quarter. In the first quarter this year, they declined 0.3%.
The indicators depict price development of all purchased residential property (detached, apartments, etc.), taking into account both new and existing units, Eurostat clarifies.
Original article: El Economista (after: EFE)
Translation: AURA REE