Apartment prices have grown the most in Hungary across the EU

Although the rise in the prices of apartments has slowed down in the first three months of the year in the EU, Hungary is still on the top of the list concerning the rate of the increase in prices.

Heti Világgazdaság reports based on data published by Eurostat apartment prices in the EU and the eurozone has grown by 4.0 per cent in the period between January and March 2019 in a yearly comparison, while compared to the previous quarter, there is a 0.3 growth.

Prices grew by 4.8 per cent both in Q2 and Q3 in 2018, while in Q4 by 4.6 per cent in the eurozone. If comparing the quarters to one another, there is a 1.5 per cent growth from Q1 to Q2, a 1.6 per cent growth from Q2 to Q3 and a 0.6 per cent growth from Q3 to Q4.

In the EU, on the other hand, price growth was 4.6 per cent for both Q2 and Q3, and 4.5 per cent for Q4. There was a 1.6 per cent growth from Q1 to Q2 and respectively from Q2 to Q3, while only a 0.5 per cent growth from Q3 to Q4.

If we take a look at the 28 EU members, the most significant increase in pace is to be noticed in Hungary: apartment prices have grown by 11.3 per cent in Q1 (January-March 2019).

The second on the list is the Czech Republic with a 9.4 per cent growth; third is Portugal with 9.2 per cent.

There was only one country where prices have decreased in Q1 2019 compared to 2018 overall: in Italy, apartment prices have fallen by 0.8 per cent.

Hungary is still on top of the list if we compare Q1 2019 to Q4 2018.

Prices have grown by 3.7 per cent in Hungary, by 3.6 per cent in Portugal and by 3.5 per cent in Croatia.

Prices have fallen in six countries from Q4 2018 to Q1 2019; these include Malta (4.2 per cent), Great Britain (1.3 per cent), Ireland (1.0 per cent), Finland (0.8 per cent), Italy (0.5 per cent) and Germany (0.3 per cent).

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Source: hvg.hu