Q4 2020 house prices rose 8.6% YoY in country, 5.7% in EU – Eurostat
In Portugal, between October 2020 and December 2020, residential property prices rose 8.6% compared to the fourth quarter of 2019 and 2.1% quarter-on-quarter.
House prices rose 5.4% in the eurozone in the fourth quarter of 2020, the highest increase since the fourth quarter of 2006, and 5.7% year-on-year in the European Union (EU), Eurostat said.
According to the European statistics office, the year-on-year rise in house prices accelerated between October and December, compared to the third quarter of 2020: 4.9% and 5.3%.
In the chain comparison, in the last three months of 2020, residential property prices rose by 1.4% in the eurozone and 1.3% in the EU, after in the previous quarter they had increased by 1.3% and 1.4% respectively.
Among the member states for which data are available, the largest year-on-year house price increases in the fourth quarter of 2020 were observed in Luxembourg (16.7%), Denmark (9.8%) and Lithuania (9.4%).
Compared to the previous quarter, the largest increases were recorded in Cyprus and Luxembourg (both 4.7%), Lithuania (3.9%) and Estonia (3.8%), while falls were observed in Spain (-0.8%) and Hungary (-0.7%).
In Portugal, between October 2020 and December 2020, residential property prices rose 8.6% compared to the fourth quarter of 2019 and 2.1% quarter-on-quarter.
