In the fourth quarter of 2023, housing prices, measured by the House Price Index, decreased by 1.1% in the euro area and increased by 0.2% in the EU compared to the same quarter of the previous year.

In the third quarter of 2023, housing prices declined by 2.2% and 1.1% in the euro area and the EU, respectively. These figures are from Eurostat, the statistical office of the European Union.

Compared to the third quarter of 2023, housing prices decreased by 0.7% in the euro area and by 0.3% in the EU in the fourth quarter of 2023.

Among the member states for which data are available, eight recorded an annual decrease in housing prices in the fourth quarter of 2023, while eighteen recorded an annual increase.

The largest decreases were recorded in Luxembourg (-14.4%), Germany (-7.1%), and Finland (-4.4%), while the largest increases were recorded in Poland (+13.0%), Bulgaria (+10.1%), and Croatia (+9.5%).

Compared to the previous quarter, prices decreased in eleven member states, remained stable in one (Italy), and increased in fourteen member states.

The largest decreases were recorded in France (-2.7%), Latvia (-2.5%), as well as in Denmark and Sweden (both -2.3%), while the largest increases were recorded in Poland (+4.8%), Croatia (+3.4%), and Ireland (+3.0%). (Photo: Dreamstime)