House prices, as measured by the House Price Index (HPI), remained stable in the euro area and rose by 1.7% in the EU in the second quarter of 2014 compared with the same quarter of the previous year. These figures come
from Eurostat, the statistical office of the European Union.

Compared with the first quarter of 2014, house prices rose by 0.9% in the euro area and by 1.4% in the EU in the second quarter of 2014.

House price developments in the EU Member States

Among the Member States for which data are available, the highest annual increases in house prices in the second quarter of 2014 were recorded in Estonia (+14.5%), Ireland (+12.5%) and the United Kingdom (+10.2%), and the largest falls in Slovenia (-9.8%), Italy (-4.8%) and Romania (-3.8%).

The highest quarterly increases were recorded in Ireland (+6.8%), Lithuania (+4.1%), Denmark and the United Kingdom (both +3.9%), while falls were observed in Slovenia (-2.6%), Romania (-1.3%) and Italy (-0.5%).