New data from Eurostat, the European Union’s statistics department, have revealed that housing prices in Slovenia rose 15.1 per cent year-on-year in the third quarter of 2018, well above the EU average of 4.3 per cent.
Elsewhere in emerging Europe, the Czech Republic (8.7 per cent), Latvia (8.6 per cent), Hungary (seven per sent), Croatia (6.8 per cent), Lithuania (6.6 per cent), Poland (6.5 per cent), Bulgaria (6.3 per cent), Romania (5.7 per cent) and Slovakia (4.4 per cent) also saw big increases, above the EU average.
Of those emerging Europe countries which are EU members, only Estonia (4.1 per cent) saw a year-on-year increase smaller than the EU average.
Eurostat’s 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.