House prices down by 1.7% in the euro area

In the second quarter of 2023, house prices, as measured by the House Price Index, fell by 1.7% in the euro area and by 1.1% in the EU compared with the same quarter of the previous year. In the first quarter of 2023, house prices rose by 0.4% and 0.8% in the euro area and EU, respectively. This is the first annual decrease since the first quarter of 2014.These figures come from Eurostat, the statistical office of the European Union.