Other countries reporting notable year-on-year increases in house prices in the quarter included Portugal (+17.7%), Bulgaria (+15.4%), Croatia (+13.8%), and Spain (+12.8%).

Just one country, Finland, saw house prices fall compared to the corresponding period a year earlier, registering a 3.1% decline.

On a quarterly basis, meanwhile, the biggest increases in house prices in Q3 were recorded in Latvia (+5.2%), Slovakia (+4.9%) and Portugal (+4.1%), with the largest declines seen in Luxembourg (-3.1%), Finland (-2.2%) and Slovenia (-1.1%)., Eurostat noted.