House prices drop in EU

The house price index (prices of all residential properties purchased by households, both newly built and existing) decreased by 1.4% in the eurozone and by 0.1% in the EU in the fourth quarter of 2013, compared with the same quarter of the previous year, according to estimates released by Eurostat, on 10 April. The largest annual drops in house prices in the fourth quarter of 2013 were recorded in Croatia (-14.4%), Cyprus (-9.4%) and Spain (-6.3%), and the highest increases…