In the fourth quarter of 2024, there was a 4.9% increase in housing prices and a 3.2% rise in rent in the European Union compared to the same period in 2023. It was also noted that compared to the third quarter of 2024, housing prices increased by 0.8%, while rent rose by 0.6%. This data is provided by Eurostat.
This is reported by Finway
From the beginning of 2010 to the fourth quarter of 2024, housing prices in the EU increased by 55.4%, while rent grew by 26.7%. Rent showed steady growth, whereas housing prices exhibited a more volatile nature, particularly showing significant growth between the first quarter of 2015 and the third quarter of 2022, followed by a slight decline and subsequent stabilization. However, in 2024, prices began to rise again.
Highest Price Increases in Different Countries
When comparing the fourth quarter of 2024 with data from 2010, housing prices increased more than rent in 21 EU countries. The highest increases were recorded in:
- Hungary (+234%),
- Estonia (+228%),
- Lithuania (+187%),
- Latvia (+153%),
- Czech Republic (+142%),
- Portugal (+120%),
- Bulgaria (+115%),
- Austria (+112%),
- Luxembourg (+105%).
In contrast, in Cyprus, housing prices remained at the 2010 level, while Italy was the only country where housing prices decreased by 4% during this period.
Trends in Rent
During the same period, rent increased in 26 EU countries. The highest increases were recorded in:
- Estonia (+212%),
- Lithuania (+175%),
- Hungary (+114%).
The only country where rental prices decreased was Greece, with a decline of 13%.