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House Prices increased by 2.5% according to Eurostat

Published on: 21 January 2016

House prices in Cyprus increased for a fourth consecutive quarter according to data released by Eurostat on Wednesday

House prices in Cyprus increased for a fourth consecutive quarter, according to figures released Wednesday by Eurostat, the statistical office of the European Union.

According to data from Eurostat, the increase was 2.5% for the third quarter of 2015, following a 2.4% increase in the second quarter of the year, 0.6% in the first and 0.8% in the fourth quarter of 2014, always in relation to the same quarter of the year before.

Compared to the previous quarter of the same year, prices fell by 0.7% after soaring 7.4% in the second quarter of 2015 compared to the first. This trend is broadly in line with the 2.3% increase in the euro area and 3.1% in the EU, compared with the same quarter of the previous year.

The highest annual increases in house prices in the third quarter of 2015 were recorded in Sweden (+ 13.7%), Austria (+ 9.3%), Ireland (+ 8.9%) and Denmark (+ 7.2%). Falls were observed in Latvia (-7.6%), Croatia (-3.0%), Italy (-2.3%) and France (-1.2%).

The highest quarterly increases were recorded in Malta (+6.2%), Ireland (+4.5%), Austria (+4.1%), Sweden and the United Kingdom (both +3.9%), and the largest falls in Hungary (-5.9%), Slovenia (-3.5%) and Estonia (-1.9%).

 

 

About Urban Keys Real Estate & Chartered Surveyors

Headquartered in Nicosia, Cyprus and with a reach in all districts, Urban Keys Real Estate & Chartered Surveyors is a new venture with longstanding roots as real estate agents, property valuers and surveyors, offering consulting services to a wide range of clients and on all types of property matter – selling, buying, renting, leasing property throughout Cyprus.

Urban Keys is a young, fresh, dynamic and innovative agency. Our approach ensures the property sector in Cyprus is consistent to international standards, as well as made to suit a new generation, changing real estate market, and changing economy.

Urban Keys Real Estate & Chartered Surveyors
70, 28th October Avenue
Office 102, Engomi
2414, Nicosia, Cyprus.
Telephone:+357 22 27 00 19
Mobile:+357 99 43 44 51
E-mail:info 'at' urban-keys.com
Website:www.urban-keys.com

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