Money Buzz! Europa

Tag: house prices

  • House prices on the rise in all European Union countries

    House prices on the rise in all European Union countries

    House prices are up in all EU Member States in the third quarter of 2021 compared to the previous three months.

    Thus, according to Eurostat, prices increased the most in the Czech Republic (7.3%), the Netherlands (5.9%), Lithuania (5.4%) and Ireland (5.1%).

    A much lower increase was registered in Romania (0.1%), Finland (0.2%) and Denmark (0.3%).

    Strong increase of house prices compared to 2010

    Comparing the third quarter of 2021 with 2010, house prices are on the rise in 23 EU member states.

    The highest increases were recorded in Estonia (+ 141%), Hungary (+ 118%), Luxembourg (+ 117%), Latvia (+ 106%) and Austria (+ 104%).

    House prices fell compared to 2010 in Greece (-28%), Italy (-12%), Cyprus (-6%) and Spain (-0.5%).

  • Europe: House prices up by 26.8%, rents up by 14.6% since 2010

    Europe: House prices up by 26.8%, rents up by 14.6% since 2010

    Over the period 2010 until the third quarter of 2020, rents increased by 14.6% and house prices by 26.8% in the European Union.

    When comparing the third quarter of 2020 with 2010, house prices increased more than rents in 16 EU Member States, Eurostat data shows.

    House prices increased in 23 Member States and decreased in four, with the highest rises in Estonia (+105.1%), Hungary (+92.2%), Luxembourg (+90.5%), Latvia (+83.6%) and Austria (+81.3%).

    Decreases were observed in Greece (-31.0%), Italy (-15.5%), Cyprus (-7.7%) and Spain (-4.5%).

    Different pattern for rents

    When comparing the third quarter of 2020 with 2010, rent prices increased in 25 EU Member States and decreased in two, with the highest rises in Estonia (+136.6%), Lithuania (+106.9%) and Ireland (+62.2%).

    Decreases were recorded in Greece (-25.2%) and Cyprus (-4.5%).

  • Rents up by 14.2%, house prices by 25.0% since 2010 in EU

    Rents up by 14.2%, house prices by 25.0% since 2010 in EU

    Over the period 2010 until the second quarter of 2020, rents increased by 14.2% and house prices by 25.0% in the European Union, Eurostat reports.

    When comparing the second quarter of 2020 with 2010, house prices increased more than rents in 16 EU Member States.

    House prices increased in 23 Member States and decreased in four, with the highest rises in Estonia (+100.5%), Luxembourg (+85.8%), Latvia (+77.3%) and Austria (+75.9%).

    Decreases were observed in Greece (-31.0%), Italy (-13.2%), Spain (-5.6%) and Cyprus (-3.0%).

    Different pattern for rents

    When comparing the second quarter of 2020 with 2010, prices increased in 25 EU Member States and decreased in two, with the highest rises in Estonia (+135.8%), Lithuania (+105.4%) and Ireland (+62.3%).

    Decreases were recorded in Greece (-25.2%) and Cyprus (-4.8%).

  • European Union: Rents up by 20.8%, house prices by 20.5% since 2007

    European Union: Rents up by 20.8%, house prices by 20.5% since 2007

    House prices and rents in the EU-27 have followed very different paths since 2007. While rents increased steadily throughout the period up to the first quarter of 2020, house prices have fluctuated significantly, says Eurostat.

    After an initial sharp decline following the financial crisis, house prices remained more or less stable between 2009 and 2014. Then there was a rapid rise in early 2015, since when house prices have increased at a much faster pace than rents.

    Over the period 2007 until the first quarter of 2020, rents increased by 20.8% and house prices by 20.5%.

    House prices decreased in six EU Member States

    When comparing the first quarter of 2020 with 2007, house prices increased in 21 EU Member States and decreased in 6, with the highest rises in Luxembourg (+91.4%), Austria (+91.3%) and Sweden (+82.8%).

    The largest decreases are in Greece (-35.6%), Romania (-23.6%) and Ireland (-17.5%).

    For rents, the pattern was different. When comparing the first quarter of 2020 with 2007, prices increased in 26 EU Member States and decreased in one, with the highest rises in Lithuania (+101.8%), Czechia (+82.2%) and Hungary (+75.1%) and the only decrease in Greece (-17.5%).