World Bulletin / News Desk
The report showed that among the member states, the highest growths were recorded in Sweden (56 percent), Austria (49 percent), Latvia (47 percent) and Luxembourg (40 percent), while the biggest dips were recorded in Spain (17 percent), Italy (15 percent) and Cyprus (9 percent).
Since 2006, the house prices -- including newly built and existing houses and apartments -- have oscillated dramatically, the report revealed.
"Annual growth rates in the EU were around 8 percent in 2006 and 2007, followed by a fall of 4 percent in 2009 as a result of the financial crisis, while prices started growing again in 2014," said Eurostat.
House prices rose by 4.5 percent in the EU in the fourth quarter of 2017, compared to the same period of the previous year.
It also grew 0.7 percent in the EU in the fourth quarter of 2017, compared with the previous quarter.
The data collected from the Eurostat indicated that among the member states for which data were available, the highest annual increases in house prices in the fourth quarter of 2017 were seen in Ireland (11.8 percent), Portugal (10.5 percent) and Slovenia (10.0 percent), while prices dropped in Italy (0.3 percent).
"Compared with the previous quarter, the highest increases were recorded in Slovenia (3.7 percent), Croatia (3.2 percent) and Cyprus (2.7 percent), while decreases were observed in Sweden (2.8 percent), Denmark (1.7 percent), Belgium (0.4 percent) and Finland (0.3 percent)," the report posted.
Last month, inflation among EA19 countries rose to 2 percent, up 1.3 percent from same month last year, says Eurostat
BIST 100 climbs 0.10 pct, while Turkish lira gains value against foreign currencies
Nearly 8.5 million new passenger cars were registered in EU in first half of 2018, says manufacturers' association
Economic partnership agreement is biggest ever negotiated by EU and will create an open trade zone
BIST 100 rises 0.08 pct; US dollar/Turkish lira exchange rate stands at 4.8420
The dollar was up versus the yen but down against the euro and pound, with all eyes on US President Donald Trump's summit with Russian counterpart Vladimir Putin in Helsinki.
Tax revenues totals nearly $72.1 billion while interest payments amounts to over $8.2 billion in January-June period
BIST 100 rises over 700 points; USD/TRY exchange rate stays at 4.8360
Country's egg, chicken, turkey, and meat production climbed in May on yearly basis, says official data
BIST 100 rises over 400 points, while USD/TRY exchange rate drops to 4.8460
Saudi Arabia intends to invest as much as $10 billion in South Africa’s economy, with a focus on energy projects
Share of young people in Turkey age 15-24 who are not in employment, education, or training down 4.5 pct in Q1 year-on-year
Treasury and Finance Minister Berat Albayrak says effective Central Bank is among main policy targets of new era
The European Commission, the EU's executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower than the 2.3 percent forecast just weeks ago in early May.
Country's central government research and development expenditures rise by 17.5 percent year-on-year in 2017
The IEA welcomed in its July report last month's agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order to bring prices down from multi-year highs.