Housing prices up 4.1% in the eurozone

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Housing prices

Housing prices were up 4.1% in the eurozone in the fourth quarter of 2016 compared with the same period in 2015, the European Statistical Office Eurostat said on Friday.

The increase is 4.7% across the EU. In Belgium, the increase is more moderate, at 2.6%.

The highest annual increases in housing prices in the fourth quarter of 2016 were recorded in the Czech Republic (+ 11.0%), Hungary (+ 9.7%) and Lithuania (+ 9.5%), while prices remained virtually unchanged in Italy (+ 0.1%). In Belgium, the increase was 2.6% in the fourth quarter of 2016. But compared with the third quarter, prices fell by 0.4%.

The author: Michel DEURINCK

Michel Deurinck, born in Brussels in 1950, started his career in the Belgian civil service, dedicating over 30 years to public service. Upon retirement, he pursued his passion for journalism. Transitioning into this new field, he quickly gained recognition for his insightful reporting on politics and culture. Deurinck's balanced and thoughtful approach to journalism has made him a respected figure in Belgian media.

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