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ARCHIVED - Spanish property price increase narrowly exceeds EU average
Eurostat report a 5.4 per cent rise in the first half of 2019
Eurostat, the European Union’s statistics bureau, published its housing price index data for the second quarter of 2019 on Monday, reporting that while the average price of residential property for both the EU and the Eurozone rose by 4.2 per cent in comparison with the same period last year the increase in Spain was slightly higher at 5.4 per cent.
However, this follows a rise of only 1.1 per cent during the second three months of the year, a period during which in the whole of the EU prices went up 1.6 per cent.
The sharpest year-on-year increases are reported in Hungary (14 per cent), Luxembourg (11.4 per cent), Croatia (10.4 per cent) and Portugal (10.1 per cent), while the only fall is observed in Italy (-0.2 per cent). In the UK prices are reported to have risen by 1 per cent during the second quarter, contributing to a 12-monthly increase of only 1.4 per cent, while in the Republic of Ireland the corresponding variations are +0.5 per cent and +2.5 per cent respectively.
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