Housing prices in the 3rd quarter of 2024 increased by 2.6% in the European Union and 3.8% in the euro area compared to the same quarter of 2023.
Among the countries for which data are available, four saw year-on-year declines in prices for apartments and houses in the 3rd quarter, while twenty-two saw an increase.
The largest price decreases were recorded in France (-3.5%), Finland (-2.8%) and Luxembourg (-1.7%), while the largest increases were recorded in Bulgaria (+16.5%), Poland (+14.4%), Hungary (+13.4%), Croatia (+12.3%) and the Netherlands (+10.3%).
In quarterly terms, prices decreased in two countries and increased in twenty-four. The decrease was observed in Finland (-0.6%) and Estonia (-0.5%), while the largest increases were in Bulgaria (+3.9%), Portugal (+3.7%) and the Netherlands (+3.6%).
In the 3rd quarter of 2024, compared to the same period in 2010, housing prices increased more than three times in Hungary and Estonia (+230%) and more than twice in Lithuania (+181%), Latvia (+154%), the Czech Republic (+135%), Austria (+114%), Portugal (+113%), Bulgaria (+110%) and Luxembourg (+103%).Italy is the only country where real estate has fallen in price during this period (-4%). Over the past 15 years, rents have increased in 26 EU countries, with the highest increases recorded in Estonia (+216%), Lithuania (+183%), Ireland (+109%) and Hungary (+108%).Greece was the only country where rents decreased (-16%).Source: Eurostat