In the fourth quarter of 2022, house prices in Cyprus rose 4.4% compared with the same quarter of 2021, but fell 4.0% compared with the previous quarter according to Eurostat, the statistical service of the European Union.
Among the EU Member States for which data are available, seven showed an annual increase in house prices in the fourth quarter of 2022 of more than 10%.
The highest increases were recorded in Croatia (+17.3%), Estonia (+16.9%), Hungary (+16.5%) and Lithuania (+16.0%), while prices fell in Denmark (-6.5%), Sweden (-3.7%), Germany (-3.6%) and Finland (-2.3%).
Compared with the previous quarter, prices decreased in 15 EU Member States.
The highest increases were recorded in Croatia (+4.7%), Romania (+2.5%) and Lithuania (+1.9%) and the largest falls in Denmark (-6.5%), Germany (-5.0%) and Cyprus (-4.0%).
Between 2010 and 2022, house prices increased in 24 EU countries and decreased in three.
House prices more than doubled in Estonia (+199%), Hungary (+174%), Lithuania (+142%), Luxembourg (+136%), Latvia (+133%), Austria (+126%) and Czechia (+125%).
Decreases were observed in Greece (-14%), Italy (-9%) and Cyprus (-4%).
Over the same period, rents increased in 26 EU countries and decreased in one, with the highest rises in Estonia (+216%) and Lithuania (+160%).
The only decrease was recorded in Greece (-23%).
