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The EZ house price index increased by 5.4% in Q4 2020 over Q4 2019, rising 5.7% in the wider EU, data published Thursday by Eurostat showed. This marks the highest level of the EZ house price index since Q4 2006. Compared to Q3 2020, the EZ house price index ticked up 1.4% in Q4 2020.
Among the member states for which data is available, the highest annual rates in Q4 were recorded in Luxembourg (+16.7%), Lithuania (+9.4%) and the Netherlands (+8.7%), while Cyprus and Luxembourg (both at +4.7%), Lithuania (+3.9%) and Estonia (+3.8%) saw the largest quarterly gains.
The annual house price index was positive in every member state, while Spain recorded the only quarterly decline at -0.8% in the EZ.
Source: Eurostat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.