Cyprus Mail
BusinessCyprus

House prices drop 5.7pct

House prices in Cyprus fell 5.7 per cent year-on-year in the first quarter, the third highest drop in the European Union, the EU’s statistical service, Eurostat, said on Thursday.

Compared with the previous quarter, prices in Cyprus dropped 0.9 per cent.

House prices in the eurozone dropped 0.3 per cent in Q1 and rose 1.0 per cent in the European Union, according to Eurostat’s House Price Index.

Among the EU Member States for which data are available, the largest annual falls in house prices in the first quarter of 2014 were recorded in Croatia (-9.7 per cent), Slovenia (-6.6 per cent) and Cyprus (-5.7 per cent), and the highest increases in Estonia (+17.5 per cent), Latvia (+10.4 per cent) and the United Kingdom (+8.0 per cent).

The largest quarterly falls were recorded in Croatia (-2.7 per cent), Luxembourg (2.3 per cent), and Slovenia (-1.7 per cent), and the highest increases in Estonia (+4.8 per cent), Sweden (+2.4 per cent) and the United Kingdom (+2.2per cent).

Related Posts

Officer burned by a flare after police postponed Apollon-AEL match (Update 3)

Iole Damaskinos

Cyprus chosen to host regional technology centre

Kyriacos Nicolaou

Raising awareness of oral cancers

Iole Damaskinos

Man dies in police custody

Gina Agapiou

Athienou backs Paphos bishop

Andria Kades

Take Cyprus Christmas shopping online

Alix Norman

16 comments

Comments are closed.