EU Housing Prices Continue to Climb in Q4 2024

In the fourth quarter of 2024, housing prices, as measured by the House Price Index (HPI), rose by 4.2% in the euro area and 4.9% in the EU compared with the same quarter of the previous year.

In the third quarter of 2024, prices had increased by 2.7% in the euro area and 3.9% in the EU. These figures come from Eurostat, the statistical office of the European Union.

Compared with Q3 2024, housing prices rose by 0.6% in the euro area and by 0.8% in the EU during Q4 2024.

House Price Trends Across EU Member States

Among the EU Member States for which data is available, two countries reported an annual decline in house prices during the fourth quarter of 2024, while twenty-four recorded an annual increase.

The largest year-on-year decreases were seen in France and Finland (both -1.9%), whereas the strongest increases occurred in:

• Bulgaria (+18.3%)
• Hungary (+13.0%)
• Portugal (+11.6%)

Compared with the previous quarter, house prices fell in six Member States, remained stable in two (Malta and Finland), and rose in eighteen.

The most significant quarter-on-quarter decreases were observed in:

• France and Cyprus (both -1.0%)
• Estonia (-0.7%)

Meanwhile, the biggest increases were registered in:

• Slovakia (+3.6%)
• Slovenia (+3.1%)
• Portugal (+3.0%)