Eurostat: An Increase in Both House Prices and Population in the EU

Recent Eurostat statistics show an increase in both house prices and population in the European Union. House prices in the EU, in the first quarter of 2018 compared with the same quarter of the previous year, rose by 4.7% in the EU.

Among the Member States, the highest annual increases in house prices in the first quarter of 2018 were recorded in Latvia (13.7%), Slovenia (13.4%), Ireland (12.3%) and Portugal (12.2%), while prices fell in Sweden and Italy (both -0.4%). 

For Bulgaria, the change compared with the same quarter of 2017, is 8.6%. The increase in house prices in the first quarter of 2018 was 7.1%. The House Price Index measures the price changes of all residential properties purchased by households, both newly built and existing, independently of their final use and independently of their previous owners.

As there is an increase in the house prices, the population in the EU have also had an upward trend. On 1 January 2018, the population of the European Union (EU) was estimated at 512.6 million, compared with 511.5 million on 1 January 2017. Germany is the most populated EU Member State, ahead of France (13.1%), the United Kingdom (12.9%), Italy (11.8%), Spain (9.1%) and Poland (7.4%). During 2017, the population increased in nineteen EU Member States and decreased in nine. The largest decrease was recorded in Lithuania (-13.8‰), followed by Croatia (-11.8‰), Latvia (-8.1‰), Bulgaria (-7.3‰) and Romania (-6.2‰).

In Bulgaria, the population on 01.01.2017 was 7,101,900, as on the same date this year – 7,050,000. 1.4% is the share regarding the EU population. The Population calculator of the United Nations even shows that in 2020, Bulgarians will be less than 7 million.

The largest relative increase was observed in Malta (32.9‰), followed by Luxembourg (+19.0‰), and Sweden (+12.4‰),  

Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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