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Spanish property prices have risen 2.9% higher than those in the EU and Eurozone, new figures show.

In the first quarter (Q1) of the year, Spanish property prices rose by 6.9%, compared with the same period in 2018, according to Eurostat – the European Union’s statics bureau. Meanwhile, average property prices in both the EU and the Eurozone rose by only 4%.

During Q1, Spanish residential property prices increased by 1.6%, while EU and Eurozone house prices managed to rise by just 0.3%.

The biggest year-on-year rise in house prices occurred in Hungary (11.3%) followed by the Czech Republic (9.4%) and Portugal (9.2%). The only decrease was reported in Italy, when prices fell by -0.8%.

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