Insider Economy Q2 2019 house prices up 4.2% in EU28, 8% in Cyprus on...

Q2 2019 house prices up 4.2% in EU28, 8% in Cyprus on annual basis

House prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the second quarter of 2019 compared with the same quarter of the previous year, according to Eurostat, the statistical office of the European Union. Compared with the first quarter of 2019, house prices rose by 1.7% in the euro area and 1.6% in the EU in the second quarter of 2019.

In Cyprus house prices increased by 4.2% in quarterly and by 8.0% in annual basis, after 0.8% and 4.3% respectively for the previous quarter. Greece did not make data available to Eurostat.

Among the Member States for which data are available, the highest annual increases in house prices in the second quarter of 2019 were recorded in Hungary (+14.0%), Luxembourg (+11.4%), Croatia (+10.4%) and Portugal (+10.1%), while prices fell in Italy (-0.2%).

Compared with the previous quarter, the house prices increased in all Member States for which the data is available. Highest increases were recorded in Latvia (+5.6%), Luxembourg (+5.1%) and Cyprus (+4.2%).

(Cyprus News Agency)

Top Stories

Euro zone pledges continued fiscal support against Covid-19

Euro zone finance ministers have pledged continued fiscal support for their economies and discussed the design of post-pandemic recovery plans as the European Commission...

Total of 113 fines for violation of covid-19 restrictive measures

Police issued 111 fines to individuals and two more to shop owners all across Cyprus over the past 24 hours for breaching measures aiming...

Cyprus-UAE review prospects of advancing bilateral relations

The foreign ministers of Cyprus and the United Arab Emirates have reviewed the prospects of advancing relations between the two friendly nations across all...

New covid-19 cases on the decrease but hospital admissions on the rise in Cyprus

New coronavirus cases in Cyprus were on the decrease over the past couple of days but health experts are cautiously optimistic that the strict...

Approval of revised Cyprus 2021 budget closer but still not certain

It seems that approval of Cyprus’ revised 2021 budget which is to be put to the vote before parliament on Thursday is almost certain...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...