Reuters House prices in the EU have risen the most in a year since 2007. The European Union’s statistics office reported on Thursday that house prices increased by 6.1 percent in the first quarter of this year compared to the same period in 2020, the largest increase since 2007. In the first quarter of 2021, house prices in the euro region grew 1.3 percent and 1.7 percent in the EU, respectively, compared to the fourth quarter of 2020. Luxembourg (+17.0 percent ), Denmark (+15.3 percent ), Lithuania (+12.0 percent ), the Czech Republic (+11.9 percent ), and the Netherlands (+11.3 percent ) had the highest annual increases in house prices in the first quarter of 2021 among EU member states for which data was available, while prices fell only in Cyprus (-5.8 percent )./n
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