Spain is the country within the Eurozone where properties depreciated more in the second quarter of 2013. They fell 10,6%, much more than Holland (-7,5%) and France (-5,9%), who are the next ones on the list. According to Eurostat figures, the average price of homes in the Eurozone dropped by 2,2%.
Outside the Eurozone, but inside the European Union, there is a country whose real estate sector suffered more than the Spanish one: Croatia. The price of properties in the Balkan country dropped an annual 19,7%. Out of the 28 members of the UE, 10 continue to be in real estate recession and 12 had increases. The highest increases in property prices were in Latvia (8,8%), Estonia (8,1%) and Luxemburg (5,1%).
The highest quarterly increases were in Latvia (5,1%), Estonia (3,7%) and Denmark (3,1%), and the greatest descents in Croatia (-6,5%) and Holland (-2,0%). Spain registered a descent of 0,8% in reference to the first quarter.
There are signs of stabilization of the residential market in the United Kingdom, as the prices, which were rising at 2%, have now climbed to 2,9%. (…)