{"id":2616205,"date":"2021-07-13T17:43:58","date_gmt":"2021-07-13T14:43:58","guid":{"rendered":"https:\/\/buyhome.com\/?p=2616205"},"modified":"2021-07-13T17:44:00","modified_gmt":"2021-07-13T14:44:00","slug":"cyprus-the-only-eu-country-where-house-prices-fell","status":"publish","type":"post","link":"https:\/\/buyhome.com\/cyprus-the-only-eu-country-where-house-prices-fell\/","title":{"rendered":"CYPRUS: The only EU country where house prices fell"},"content":{"rendered":"\n

Annual house prices in the first quarter of 2021 fell 5.8% in Cyprus, while across the European Union, they rose by an average of 6.1%.<\/strong><\/h2>\n\n\n\n

In the first three months, house prices, as measured by the House Price Index, increased by 5.8% in the euro area, 6.1% in the EU but decreased by 5.8% in Cyprus compared to the same quarter of the previous year, according to Eurostat.<\/p>\n\n\n\n

It is the highest annual increase for the euro area since Q4 2006 and since Q3 2007 for the EU.<\/p>\n\n\n\n

In Q4 2020, house prices rose by 5.6%, 5.8% and 2.4%, respectively.<\/p>\n\n\n\n

Compared with Q4 2020, house prices rose by 1.3% in the euro area, 1.7% in the EU,\u00a0decreased in Cyprus\u00a0by 5.8% Q1 2021.<\/p>\n\n\n\n

Among the Member States for which data are available, the highest annual increases in house prices in Q1 were recorded in Luxembourg (+17.0%), Denmark (+15.3%), Lithuania (+12.0%), Czech Republic (+11.9%) and the Netherlands (+11.3%).<\/p>\n\n\n\n

Cyprus (-5.8%) was the only place where house prices fell in the first three months to March.<\/strong><\/p>\n\n\n\n

Compared with the previous quarter, the highest increases were in Estonia (+6.6%), Denmark (+5.8%) and Lithuania (+5.0%), while decreases were observed only in Cyprus (-5.8%), Malta (-1.6%) and Slovakia (-1.2%).<\/p>\n\n\n\n

For Q1 2021, the HPI amounts to 102.82 units; compared to Q4 and Q1 2020, the HPI decreased by 5.8%.<\/p>\n\n\n\n

It is the biggest decrease yearly since the first quarter of 2014.<\/p>\n\n\n\n

HPI is a quarterly index that measures the change in the average prices of residential dwellings. It captures all types of residential properties, the land component of the property is included.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Source: Financialmirror.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Annual house prices in the first quarter of 2021 fell 5.8% in Cyprus, while across the European Union, they rose by an average of 6.1%. In the first three months, house prices, as measured by the House Price Index, increased by 5.8% in the euro area, 6.1% in the EU but decreased by 5.8% in… Read more »<\/a><\/p>\n","protected":false},"author":20,"featured_media":2616208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n