House prices, as measured by the House Price Index (HPI), remained stable in the euro area and rose by 1.7% in the EU in the second quarter of 2014 compared with the same quarter of the previous year.
These figures come from Eurostat, the statistical office of the European Union. Compared with the first quarter of 2014, house prices rose by 0.9% in the euro area and by 1.4% in the EU in the second quarter of 2014.
In Slovakia, hous prices in the second quarter of 2014 compared with the beginning of the year increased by 1.6%, compared to the same period last year, an increase of 1.2%.
The House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats,
detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of
their previous owners. The Member States’ HPIs are compiled by the National Statistical Institutes. The euro area and the
EU aggregate HPIs are compiled by Eurostat.