Fall in the EU house prices
According to House Price Index, in I quarter 2013 real estate prices in the European Union fell by 1.4% against the same period in 2012, as reported by Eurostat statistical agency.
Meanwhile, in the euro area real estate prices fell even lower – by 2.2%.
The largest drop in real estate prices recorded in the following European countries: Spain (-12.8%), Hungary (-9.3%), Portugal (-7.3%), the Netherlands (-7.2%).The biggest price increases were in Estonia (+7.7%), Latvia (+7.2%), Luxembourg (+4.3%) and Sweden (+4.1%).
