House prices, as measured by the House Price Index, rose by 0.5% in the euro area and by 2.3% in the EU in the third quarter of 2014 compared with the same quarter of the previous year.

But while the highest quarterly increases were recorded in Ireland (+6.2%), Latvia (+4.9%), and Croatia (+4.7%), the largest falls were recorded in Slovenia (-1.1%), Romania and Malta (both -0.9%).

These figures come from Eurostat, the statistical office of the European Union.

Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2014 were recorded in Ireland (+15.0%), Estonia (+13.2%), Latvia and the United Kingdom (both +11.7%), Sweden (+10.3%) and Lithuania (+10.1%), and the largest falls in Slovenia (-5.4%), Italy (-3.8%) and Romania (-2.3%).

 

Malta saw a 4.1% annual increase.