Q3 house prices up 1.0% quarter-on-quarter, 8.5% year-on-year, twice EU, euro rate

  • ECO News
  • 18 January 2019

In the third quarter of 2018, house prices continued increasing in Portugal, and they were up by twice as much as the year before. The data was released this Friday on Eurostat.

House prices in Portugal in the third quarter of 2018 were up by almost twice as much on the year earlier as in the euro area and European Union as a whole, figures released on Friday by the EU’s statistical office, Eurostat, show.

In Portugal, prices for residential property were up 8.5% in the quarter on the same period of 2017, while in both the euro area and the EU the year-on-year increase was 4.3%.

As against the second quarter, housing prices in the euro area in the third quarter were up 1.6% and in the EU by 1.5%. In Portugal they were up 1.0%.

According to Eurostat, the biggest year-on-year increases in the third quarter were in Slovenia (15.1%), the Netherlands (10.2%) and Ireland (9.1%). Just Sweden (-2.1%) and Italy (-0.8%) saw prices drop.