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Eurostat Says Real Estate Prices in Spain Rose 0.8% in Q2 2014

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