Brussels: Europe and the Arabs
In the fourth quarter of 2024, house prices in the European Union rose by 4.9%, while rents rose by 3.2% compared to the fourth quarter of 2023.
Compared to the third quarter of 2024, house prices rose by 0.8% and rents by 0.6%.
This information is derived from house price and rent data published by Eurostat, the European Statistical Office in Brussels. It also states that between 2010 and the fourth quarter of 2024, house prices in the European Union rose by 55.4% and rents by 26.7%. While rents have been rising steadily, housing prices have followed a more volatile pattern, showing a dramatic increase between the first quarter of 2015 and the third quarter of 2022, followed by a slight decline and stabilization, before rising again in 2024.
Regarding national data, when comparing the fourth quarter of 2024 with 2010, housing prices rose more than rents in 21 EU countries for which data are available. During the same period, housing prices more than tripled in Hungary (+234%) and Estonia (+228%), and more than doubled in Lithuania (+187%), Latvia (+153%), the Czech Republic (+142%), Portugal (+120%), Bulgaria (+115%), Austria (+112%), and Luxembourg (+105%). In Cyprus, housing prices remained at the same level as in 2010. Italy was the only country where housing prices fell during this period (-4%). ​​During the same period, rents rose in 26 EU countries, with the highest increases recorded in Estonia (+212%), Lithuania (+175%), and Hungary (+114%). Greece was the only country where rents fell (-13%).