House prices rise in Europe

House prices

House prices across the European Union rose by 4.3% in the third quarter of the year, according to figures released Thursday

Eurostat, the statistics office for the European Union, said that the highest prices hikes were recorded in Hungary (11.6%) and Latvia (10.8%). At the other end of the spectrum, price drops appeared in Cyprus (-3.3%) and Italy (-0.9%).

Figures on Greece were not provided.

Most countries emerging from financial troubles show that house prices were on the rise with hikes of 4% and 7.1% in Spain and Ireland respectively.