Real estate prices in the EU in Q3 2020 rose by 5.2% from the same period of 2019 and the same increase was also registered in Q2.
In the euro area house prices grew by 4.9%, just as in Q2.
Among the EU countries for which data were available, house prices grew the most in Q3 again in Luxembourg, by 13.6%, and in Poland, by 10.9%. Austria followed with an increase of 8.8%.
In Croatia, prices of real estate in Q3 2020 grew by 6.9% from the same period of 2019. They grew by 8.3% in Q2 and by 9.1% in Q1.
A year-on-year decline in house prices was reported in Q3 only by Cyprus and Ireland, of 1.4% and 0.8% respectively.
House prices in the EU in Q3 grew by 1.4% from Q2, when they rose at the same rate.
Among EU countries, real estate prices in Q3 grew the most on the quarter in Hungary, by 5.2%, according to preliminary statistics.
Hungary is followed by Denmark and Latvia, with quarterly increases of 4.2% and 3.7% respectively.
In Croatia house prices in Q3 were down from Q2 for the first time in slightly more than two years, by 0.6%. They grew by 1.8% in Q2 and by 2.7% in Q1.
The other countries that saw a quarterly drop in house prices were Cyprus (-4.8%), Romania (-2.6%) and Italy (-2.5%).
