Housing in the EU is rapidly becoming more expensive: purchase prices have risen by 5%, and rents by more than 3%
Kyiv • UNN
Since 2010, the largest increase in house prices has occurred in Hungary (+234%) and Estonia (+228%).
In the last quarter of 2024, house purchase prices in the EU increased by almost 5%, and the cost of rent jumped by 3.2%, compared to the fourth quarter of 2023. This is reported by UNN with reference to Eurostat.
According to data published on April 8, house prices increased by 0.8% and rents by 0.6% compared to the third quarter of 2024.
Statistics also indicate that from 2010 to the end of 2024, house prices in 21 EU countries increased by 55.4% (the remaining countries did not provide data), and rents by 26.7%. The cost of rented housing in the EU fluctuated greatly during this period. Thus, between the first quarter of 2015 and the third quarter of 2022, there was a large increase in rent. However, this was followed by a slight drop in prices. They remained more or less stable until 2024, when there was another increase.
The largest increase in house prices compared to 2010 occurred in Hungary (+234%) and Estonia (+228%), Lithuania (+187%), Latvia (+153%), Czech Republic (+142%), Portugal (+120%), Bulgaria (+115%), Austria (+112%) and Luxembourg (+105%).
In Cyprus, house prices remained at the level of 2010. Italy was the only country where house prices decreased over this period (-4%).
Over the same period, rents increased in 26 EU countries, with the largest increase recorded in Estonia (+212%), Lithuania (+175%) and Hungary (+114%). Greece was the only country where rental prices decreased (-13%).
