According to the European Statistical Office (Eurostat), the price of housing in the euro area rose by 5.8% between January and March 2021 compared with the same period in 2020, which is the biggest increase since the fourth quarter of 2006.
In the EU as a whole, the year-on-year increase in housing prices in the first three months of the year reached 6.1%, the highest increase since the third quarter of 2007.
However, in Spain, housing prices rose by just 0.9% between January and March 2021, the lowest year-on-year increase since the third quarter of 2014.
The highest increases in prices were reported in Luxembourg (17%), Denmark (15.3%), and Lithuania (12%), while the only nation to post a drop was Cyprus (-5.8%).
