Bulgaria Leads Quarterly Rise in House Prices in EU in Q4’2105

House prices in the European Union rose by 3.8% year-on-year in the fourth quarter of 2015, Eurostat has announced.

Compared with the third quarter of 2015, house prices rose by 0.2% in the EU in the fourth quarter, the statistical office of the European Union said in a statement on Tuesday, citing preliminary data.

Bulgaria showed the highest quarterly increase in house prices in the EU as measured by the House Price Index in the fourth quarter of 2015, up 3.1%, followed by Latvia (+2.3%) and Sweden (+2.0%).

The largest quarterly decreases in Q4’2015 were reported for Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%).

Compared with a year earlier, house prices in Bulgaria rose by 4% in the fourth quarter of 2015.

Sweden, Hungary and the UK led the year-on-year rise in house prices in the EU in the fourth quarter of 2015 with increases of 14.2%, 10.3% and 7.1%, respectively.

The largest annual decreases were registered in Croatia (-2.1%), Italy (-0.9%) and Cyprus (-0.6%).

The House Price Index measures the price changes of all residential properties purchased by households (both newly built and existing), independently of their final use and previous owners.

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