In the second quarter of 2024, the euro area ended a year of falling house prices, with increases in twenty countries and decreases in six.
House prices in Spain rose by 3.6% in the second quarter of 2024, the highest increase since 2015. This increase was higher than the Eurozone (1.8%) and EU (1.9%) average, ranking as the third highest in the European Union, after Croatia and Portugal. Compared to the previous year, prices rose by 7.9 per cent, the highest increase in two years. At the European level, house prices in the euro area rose by 1.3 per cent year-on-year, reversing a four-quarter downward trend.
En el conjunto de la zona euro, el alza interanual entre abril y junio fue del 1,3%
The largest annual falls in house prices in the EU were in Luxembourg (-8.3%), Finland (-4.8%) and France (-4.6%), while the largest increases were recorded in Poland (17.7%), Bulgaria (15.1%) and Lithuania (10.4%). Between 2010 and the second quarter of 2024, house prices in the EU increased by 52%, while rents rose by 25%. House prices tripled in Estonia and Hungary, and doubled in several countries, such as Lithuania and Portugal. In terms of rents, Estonia and Lithuania led the way with the largest increases, while Greece was the only country with a significant fall (-18%).
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