According to the EU statistics service, compared to the previous quarter, housing prices increased by 0.3% in the 20 countries of the euro area and by 0.8% in the 27 Member States as a whole.

In the year-on-year variation, ten Member States registered a decline in the indicator, a group headed by Luxembourg (-13.6%), followed by Germany (-10.2%) and Finland (-7.0%), with the main increases were observed in Croatia (10.9%), Poland (9.3%) and Bulgaria (9.2%).

Compared to the second quarter of 2023, house prices fell in seven of the 27 Member States, with Luxembourg (-6.3%), Finland (-2.7%) and Germany (-1.4% ).

The biggest chain increases, in turn, were registered in Poland (4.5%), Romania (3.4%) and Denmark (3.1%).

In Portugal, the increase in housing prices slowed to 7.8% year-on-year and 1.8% quarter-on-quarter.