Compared to the same period of the previous year, real house prices decreased by 5.4%.

The EU shows a very mixed picture, as varying price increases are still seen in the vast majority of countries this year.

Luxembourg is in the lead with 12.3% year-on-year, and in Estonia, housing prices have risen by an average of more than 10% compared to the first quarter of 2019.

Ireland is the only other country to show a price drop, the business website notes.