Housing prices in EU and Eurozone rose in the third quarter of 2021, strongest in over 15 years, while in Croatia their growth was close to the European average, Eurostat reported on Friday. On the EU level, housing prices in the EU rose by 9.2% in the third quarter of last year compared to the same period a year ago, strongest in more than 15 years, according to the European statistics office. In the second quarter, they increased by 7.4% percent, according to revised data. In the Eurozone, prices rose by 8.8% in the third quarter, strongest since Eurostat began collecting data in 2005. In the second quarter, they increased by 6.8% year-on-year. Twofold growth in half of the countries All EU countries except Greece, whose data were not available, recorded an increase in housing prices in the third quarter compared to the same period last year, and in half of the countries the growth rate was over 10% according to Eurostat. The strongest growth was recorded in the Czech Republic, with a 22% increase compared to the same period in 2020. Next were Lithuania and Estonia, with growths of 18.9% and 17.3% respectively, followed by the Netherlands, where prices rose by 16.8%. In Croatia, housing prices rose by 9% in the third quarter of last year compared to the same period in 2020, strongest since the beginning of 2020. In the second quarter, they increased by 6.5%. The weakest growth was recorded in Cyprus, with a 2.2% increase, followed by Italy and Spain, where housing prices rose by 4.2%. Acceleration On the quarterly level, prices rose by 3.1% in the EU, and by 3.3% in the Eurozone, the strongest since Eurostat started tracking data. In the second quarter, prices increased by 2.7% in the EU, and by 2.6% in the Eurozone. The strongest growth on the quarterly level in the period from July to September was in the Czech Republic, where housing prices rose by 7.3%. Next were the Netherlands, Lithuania and Ireland, with growths of 5.9%, 5.4% and 5.1% respectively. In Croatia, housing prices rose by 1.7% in the third quarter of last year compared to the previous three months when they increased by 3.6%, according to Eurostat. The weakest growth in housing prices in the third quarter was recorded in Romania, with a 0.1% increase. Next were Finland and Denmark, where prices increased by 0.2% and 0.3% respectively. Source: hrt.hr

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