Compared with the third quarter of 2014, house prices decreased by 3.3% in Cyprus, decreased slightly in the euro area (-0.1%) and remained stable in the EU in the fourth quarter of 2014.

Among the member states for which data is available, the highest annual increases in house prices in the fourth quarter of 2014 were recorded in Ireland (+16.3%), Malta (+11.0%), Sweden (+10.4%), Estonia (+10.1%) and the United Kingdom (+10.0%).

The largest falls were recorded in Slovenia (-4.4%), Cyprus (-3.3%), Latvia (-3.2%) and Italy (-2.9%).

The highest quarterly increases were recorded in Malta (+4.6%), Ireland (+3.8%), Slovakia (+2.1%) and Luxembourg (+2.0%), and the largest falls in Latvia (-10.2%), Lithuania (-4.3%) and Cyprus (-3.0%).

Source: Cyprus Mail