Real estate prices in the European Union increased by 57.9 percent in 15 years, and in Hungary and Estonia were more than tripled, Eurostat announced today.
In the first quarter of 2025, compared to the same period 2010., the prices of houses increased by 260 percent in Hungary, 238 percent in Estonia, and doubled in nine countries (Lithuania, Latvia, Czech Republic, Portugal, Bulgaria, Austria, Luxembourg, Poland and Slovakia).
Italy is the only country in which the prices of houses have fallen, and in four percent.
Compared to the first quarter of 2024. years, the prices of houses increased by 5.7 percent and rent by 3.2 percent. Compared to the last quarter last year, price growth was 1.4 percent for purchase and 0.9 percent for rent.
Since 2010. House rental has increased by 27.8 percent. The largest growth was recorded in Estonia (220 percent), Lithuania (184 percent), Hungary (124 percent) and Ireland (115 percent), SEEbiz reports.
Only in Greece, the rent of the house cheaper, by 11 percent.
As the rent grew constantly, the prices of the house had a more unstable form. From the first quarter of 2015. until the third quarter of 2022. There was a great jump, after which a small decline and stabilization followed, and then they began to grow again in 2024. Years.
