MNI BRIEF: EZ House Price Index At 14-Year High

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