HOUSE prices in Cyprus fell by 5.7% in the first quarter of 2014, compared with the same quarter of the previous year, according to Eurostat.
The largest annual falls in house prices were recorded in Croatia (-9.7%), Slovenia (-6.6%), and Cyprus (-5.7%) – and the highest increases in Estonia (+17.5%), Latvia (+10.4%) and the United Kingdom (+8.0%).
The largest quarterly falls were recorded in Croatia (-2.7%), Luxembourg (-2.3%), and Slovenia (-1.7%) – and the highest increases in Estonia (+4.8%), Sweden (+2.4%) and the United Kingdom (+2.2%).
House prices, as measured by the House Price Index, fell by 0.3% in the Euro area and rose by 1.0% in the EU in the first quarter of 2014 compared with the same quarter of 2013.