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The evolution of house prices and rents

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According to the European Commission, housing prices have increased by 47% in the EU between 2010 and 2022. Examining the trend in housing prices between 2010 and 2022, there has been a consistently upward trend since 2013, with particularly significant increases between 2015 and 2022.

In total, there has been a 47% increase between 2010 and 2022. Increases were observed in 24 years, while decreases occurred in 2 during this period (data for Greece is not available).

The largest increases were observed in Estonia (+192%), Hungary (+172%), and Luxembourg (+135%), while decreases were recorded in Italy (-9%) and Cyprus (-5%).

There has been a consistent increase in rents in the EU between 2010 and 2022 – a total of 18% over the entire period. Increases were recorded in all member states, except for Greece (-25%).

The largest increases were recorded in Estonia (+210%), Lithuania (+144%), and Ireland (+84%). In Cyprus, the increase was only +0.2%.

Between 2010 and 2022 in the EU, inflation was 28%. During this period, the annual inflation was highest in 2022, at 9.2%.

There was inflation in all member states during the period 2010-2022, with the highest values in Estonia (56%), Hungary (53%), Lithuania (49%), and Romania (47%). The smallest price increases were observed in Greece (12%), Cyprus, and Ireland (both 16%).

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