House Prices in Portugal Register The Second Largest Increase of The Euro Area

House prices in the Euro Area increased 4.2% in the last quarter of 2017, according to data published this Wednesday by Eurostat. As for the European Union, the increase was greater: it ascended to 4.5%. Portugal was the second Member State of the Euro Area with the largest annual increase, with prices rising by 10.5%, only behind Ireland, which had 11.8% increases.

These amounts were determined using the House Price Index, which revealed a 4.2% increase in the Euro Area and 4.5% in the European Union in the last quarter of last year, in comparison to the homologous period. In comparison to the previous quarter, prices increased 0.9% in the Euro Area and 0.7% in the European Union.