In the fourth quarter of 2024, house prices in the EU rose by 4.9%, while rents increased by 3.2% compared with the fourth quarter of 2023.
Compared with the third quarter of 2024, house prices increased by 0.8% and rents by 0.6%.
This information comes from data on house prices and rents published by Eurostat today. This article presents the main findings from the more detailed Statistics Explained article on housing price statistics.
Between 2010 and the fourth quarter of 2024, house prices in the EU increased by 55.4% and rents by 26.7%. While rents have increased steadily, house prices have followed a more variable pattern, showing a staggering increase between Q1 2015 and Q3 2022, followed by a small drop and stabilization, before increasing again in 2024.
Source datasets: prc_hpi_q and prc_hicp_midx
As regards national data, when comparing the fourth quarter of 2024 with 2010, house prices increased more than rents in 21 of the EU countries for which data are available. Over the same period, house prices more than tripled in Hungary (+234%) and Estonia (+228%) and have more than doubled in Lithuania (+187%), Latvia (+153%), Czechia (+142%), Portugal (+120%), Bulgaria (+115%), Austria (+112%) and Luxembourg (+105%). In Cyprus, house prices have remained at the same level as in 2010. Italy was the only country where house prices decreased during this period (-4%).
During the same period, rents increased in 26 EU countries, with the highest rises registered in Estonia (+212%), Lithuania (+175%) and Hungary (+114%). Greece was the only country where rent prices decreased (-13%).
Source datasets: prc_hpi_a, prc_hpi_q, prc_hicp_aind, prc_hicp_midx
