The price of housing in Spain rose 0.8% in the second quarter of 2014 compared to the same period last year, well behind countries such as Estonia, Ireland and the UK, where there has been a rise of 14 , 5%, 12.5% and 10.2%, respectively (Eurostat source).
In the same period in the countries of the euro area prices were stable, and the whole Union, rose 1.7%, according to figures released today by the EU statistical office.
Compared to the first quarter of 2013, housing prices rose from April to June by 0.9% in the euro area and 1.4% in the EU.
Among the countries for which data are available, the largest decreases recorded in Slovenia (9.8%), Italy (4.5%) and Romania (3.8%).
Moreover, the biggest quarterly increases were observed in Ireland (6.8%), Lithuania (4.1%), Denmark and the UK (3.9% each), while the main falls the scored Slovenia (2.6%), Romania (1.3%) and Italy (0.5%).
In the case of Spain, housing prices rose 1.7% in April-June compared to the first quarter of 2014, when recorded a decrease of 0.3%.
Will this increase be for long time ?