fbpx

Eurozone house prices continue to dip

spanishhouseHouse prices across the eurozone dropped by 1.3% in the third quarter of 2013 when compared to that quarter in 2012.

Official statistics from Eurostat show that this came on the heels of a 0.6% rise in the second quarter of last year.

Provisional information from Portugal indicates that there was a 2.9% fall in the third quarter compared to the same time in 2012.

Every quarter of 2013 suffered a drop against 2012. The first quarter registered a sharp drop of 7.3%, and the second quarter saw a fall of 4.3%.

The figures are for the country as a whole.

But a slight improvement during 2013 was noted when looking at performance compared to the previous quarter.

The period April to June 2013 had nearly a 1% increase over January to March. That was followed by a slight increase of 0.4% in July to September last year.

Cyprus and Spain suffered the worst annual falls of any EU nations. Values in Cyprus dropped 8% and Spain by 6.4%.

Pin It