Figure 2
The vertical bar chart is titled “Housing prices Y-to-Y growth rates for selected European countries. Volatility of the differences between sources. Quarterly differences in the period (H P I minus Dallas F yearly growth rates, in percentage)” The vertical axis is labeled “Volatility Average in the period” and ranges from 0.0 to 4.5 in increments of 0.5 units. The horizontal axis lists European countries from left to right: Belgium, Croatia, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Slovenia, Spain, and Sweden. Each country has three adjacent vertical bars. The left bar is for the total period, the middle bar is for the period 2005 to 2014, and the right bar is for the period 2015 to 2025. The data for the bars on the graph are as follows: Belgium: Total: 0.821, 2005–2014: 0.886, 2015–2025: 0.573, Croatia: Total: 1.107, 2005–2014: 1.316, 2015–2025: 0.808, Denmark: Total: 1.590, 2005–2014: 1.251, 2015–2025: 1.850, Finland: Total: 0.860, 2005–2014: 1.107, 2015–2025: 0.573, France: Total: 0.391, 2005–2014: 0.469, 2015–2025: 0.313, Germany: Total: 0.573, 2005–2014: 0.469, 2015–2025: 0.664, Ireland: Total: 0.417, 2005–2014: 0.547, 2015–2025: 0.221, Italy: Total: 0.678, 2005–2014: 0.691, 2015–2025: 0.691, Luxembourg: Total: 3.831, 2005–2014: 3.505, 2015–2025: 4.065, Netherlands: Total: 0.678, 2005–2014: 0.782, 2015–2025: 0.573, Norway: Total: 1.498, 2005–2014: 1.147, 2015–2025: 1.694, Portugal: Total: 0.414, 2005–2014: 2.046, 2015–2025: 3.765, Slovenia: Total: 0.769, 2005–2014: 0.013, 2015–2025: 1.016, Spain: Total: 2.932, 2005–2014: 3.687, 2015–2025: 1.147, Sweden: Total: 2.710, 2005–2014: 1.746, 2015–2025: 3.114. The data source “Dallas Fed Housing price data and Eurostat H P I index” is written at the bottom. Note: All numerical data values are approximated.Volatility of the year-on-year growth of residential prices on average during the two periods considered. The volatility of house price growth is an indicator of the risk of acceleration or decline.