The data displays the residential property price development in selected countries in Europe from first quarter of 2017 to the fourth quarter of 2017. The source mentions they used information from EU member states, together with Norway and Sweden. Housing prices in 2017 increased the most in Portugal and Ireland, countries which were hit hard by the financial crisis. Now that their economies are growing again and citizens have more money to spend property prices increase in these countries. The Netherlands completed the top three, due to the fact that for a long time it was relatively cheap to borrow money to buy a house.
