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Financial News: Eurozone House Price Growth Steady At 3.8%

Eurozone House Price Growth Steady At 3.8%

10/11/2017 - 05:33:00 (RTTNews)

(RTTNews) - Eurozone house prices increased at a steady pace in the second quarter, Eurostat reported Wednesday.

House prices increased 3.8 percent year-on-year in the second quarter, the same rate as seen in the first quarter.

On a quarterly basis, growth in house prices accelerated to 1.5 percent from 0.3 percent in the first quarter. A similar faster growth was last seen in the second quarter of 2016.

In the EU28, house prices climbed 1.8 percent on quarter, taking the annual growth to 4.4 percent.

Among the member states, the highest annual increases in house prices were seen in the Czech Republic, Ireland and Lithuania, while prices fell in Italy.

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