House prices, as measured by the House Price Index, rose by 4.2% in the eurozone in the fourth quarter of 2017 compared with the same quarter of the previous year, with Malta’s figure of 4.1% being more or less in line.
However, when compared with the third quarter of 2017, Malta’s house prices were going up much more dramatically, by 2.5% compared with just 0.9% in the eurozone.
Among the member states for which data are available, the highest annual increases in house prices in the fourth quarter of 2017 were recorded in Ireland (+11.8%), Portugal (+10.5%) and Slovenia (+10.0%), while prices fell in Italy (-0.3%).
Compared with the previous quarter, the highest increases were recorded in Slovenia (+3.7%), Croatia (+3.2%) and Cyprus (+2.7%), while decreases were observed in Sweden (-2.8%), Denmark (-1.7%), Belgium (-0.4%) and Finland (-0.3%).