Housing prices in Latvia went up more rapidly in Q4 2023 when compared to the same period of the year prior. Prices grew by 1%, which is more rapid than the average housing price growth in the EU, according to data published by Eurostat for 26 member states.
The fastest year-on-year increase in housing prices was recorded in Poland (13%), Bulgaria (10.1%), Croatia (9.5%) and Lithuania (8.3%). In Estonia, house prices went up by 5.8%.
In general, housing prices in Q4 2023 went up in 18 EU member states for which data is available. The most rapid drop, however, was in Luxembourg (-14.4%), Germany (-7.1%) and Finland (-4.4%).
In EU member states, the average annual housing prices increased by 0.2% in October, while in Eurozone they decreased by 1.1%. On a quarterly basis, housing prices in the EU fell by 0.3% on average in the fourth quarter and by 0.7% in Eurozone.
In quarter-on-quarter terms, housing prices went down in 11 member states of the bloc, with the sharpest drop observed in France (2.7%), Latvia (2.5%), as well as Denmark and Sweden (2.3% in both), with the largest increases recorded in Poland (4.8%), Croatia (3.4%) and Ireland (3%), while in Italy they remained unchanged. In Lithuania, housing prices increased by 1.5% and in Estonia by 2.1%.
No data is available for Greece.
Housing prices in Latvia grow more rapidly than average prices in the EU
