House prices have more than doubled in nine EU countries since 2010
In the second quarter of 2024, EU house prices increased by 1.9% and rents by 0.7% compared to the first quarter of 2024.
Compared to the second quarter of 2023, house prices rose by 2.9%, while rents increased by 3.0%.
House prices and rents in the EU followed a similar pattern between 2010 and the second quarter of 2011, but have since developed differently. While rents have risen steadily, house prices have followed a more variable pattern, combining periods of decline followed by rapid increases. Between 2010 and the second quarter of 2024, house prices increased by 52% and rents by 25%.
House prices have more than doubled in nine EU countries since 2010
Compared to the second quarter of 2010, among EU countries for which data is available, house prices increased more than rents in 20 countries. House prices tripled in Estonia (+232%) and Hungary (+218%) and doubled in Lithuania (+178%), Latvia (+146%), Czech Republic (+131%), Austria (+111%), Portugal (+106%), Luxembourg (+103%) and Bulgaria (+102%). House prices did not change in Cyprus and decreased in Italy (-5%).
In the same period, rents increased in 26 EU countries, with the largest increases recorded in Estonia (+203%), Lithuania (+178%), Ireland (+106%) and Hungary (+104%). The only decrease in rental prices was recorded in Greece (-18%).
More information at EUROSTAT
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