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Wednesday | October 28 | 2020

Rents up by 14.2%, house prices by 25.0% since 2010 in EU

Over the period 2010 until the second quarter of 2020, rents increased by 14.2% and house prices by 25.0% in the European Union, Eurostat reports.

When comparing the second quarter of 2020 with 2010, house prices increased more than rents in 16 EU Member States.

House prices increased in 23 Member States and decreased in four, with the highest rises in Estonia (+100.5%), Luxembourg (+85.8%), Latvia (+77.3%) and Austria (+75.9%).

Decreases were observed in Greece (-31.0%), Italy (-13.2%), Spain (-5.6%) and Cyprus (-3.0%).

Different pattern for rents

When comparing the second quarter of 2020 with 2010, prices increased in 25 EU Member States and decreased in two, with the highest rises in Estonia (+135.8%), Lithuania (+105.4%) and Ireland (+62.3%).

Decreases were recorded in Greece (-25.2%) and Cyprus (-4.8%).

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