EU house prices have soared 16% since 2010
By Nilay Syam
Since 2010, property prices in the EU rose the most in Estonia, while Italy witnessed the steepest fall, according to Eurostat. (Photo: AFP)

Since 2010, property prices in the EU rose the most in Estonia, while Italy witnessed the steepest fall, according to Eurostat. (Photo: AFP)

Overall house prices in the European Union rose 16 percent and 12 percent in the euro area between 2010 and 2018, new data show.

According to Eurostat, the EU's statistical office, the highest increases during the period were noticed in Estonia (+83 percent), Latvia  (+61 percent), Austria (+56 percent), Sweden (+55 percent) and Luxembourg (+50 percent).

The greatest fall was in Italy (-17 percent), followed by Spain (-12 percent) and Cyprus (-8 percent).