European Housing Prices Surge at the Fastest Pace in Nearly a Decade

Hungary and Estonia see over 200% growth, many countries have doubled home prices since 2010

In Q1 2025, housing prices across the European Union (EU) rose by 5.7%, while rents increased by 3.2% compared to the same quarter of the previous year. On a quarter-over-quarter basis, prices rose by 1.4% and rents by 0.9% – indicating that the upward trend has resumed after a brief slowdown.

According to Eurostat, between 2010 and Q1 2025, housing prices in the EU increased by 57.9%, while rents rose by 27.8%. Rent growth was relatively steady, but home prices experienced sharper jumps – especially from 2015 to 2022 – and have started climbing again since 2024.

In 21 out of the 26 EU countries with available data, housing prices outpaced rent growth during this period.

Here are the countries with the strongest price increases:

• Hungary: +260%

• Estonia: +238%

• Lithuania: +194%

• Latvia: +154%

• Czechia: +147%

• Portugal: +130%

• Bulgaria: +125%

• Austria: +113%

• Luxembourg and Poland: +102%

• Slovakia: +100%

Italy was the only country where housing prices dropped, falling by 4% compared to 2010.

Rent prices also saw significant increases:

• Estonia: +220%

• Lithuania: +184%

• Hungary: +124