House prices rose 13.1% YoY, above EU average of 7.4% in Q3 2022
According to Eurostat, between July and September, housing prices rose 1.0% in the eurozone and 0.9% in the EU, compared to the previous quarter.
Year-on-year house prices increased, in the third quarter of 2022, by 6.8% in the euro zone and 7.4% in the European Union (EU), with Portugal recording an above-average increase (13.1%), Eurostat announced on Tuesday.
According to the community statistical service, between July and September, housing prices rose 1.0% in the eurozone and 0.9% in the EU, compared to the previous quarter.
Year-on-year, 15 member states recorded increases of more than 10% in the indicator, with the largest increases recorded in Estonia (24.2%), Hungary (21.0%) and Lithuania (19.3%), with Denmark showing the only decrease (-2.4%).
Compared to the second quarter of 2022, house prices increased in 20 member states, in particular Cyprus (5.8%), Bulgaria (4.1%) and Austria (4.0%), with Denmark (-3.8%), Sweden (-3.1%), Finland (-1.3%), Romania (-1.2%), Italy (-1.0%) and Germany (-0.4%) registering falls in the indicator.
In the third quarter of 2022, house prices in Portugal rose 13.1% year-on-year and 2.9% quarter-on-quarter.
