Statistics on changes in housing prices in the European Union have been released
The largest annual increases in house prices in the fourth quarter of 2015 were recorded in Sweden (+14.2%), Hungary (+10.3%) and the UK, while the largest declines were recorded in Croatia (-2.1%), Italy (-0.9%) and Cyprus (-0.6%), Eurostat reports.
Let us recall that real estate prices in Sweden have doubled over the past 10 years. In light of such data, the National Institute for Economic Research (NIER) warns that the country's market could collapse.
Prices increased the most in Bulgaria (+3.1%), Latvia (+2.3%) and Sweden (+2.0%) over the quarter, while they decreased the most in Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%).
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