In the first quarter of 2024, housing prices in the alliance countries have increased on average by 0.4% quarterly and by 1.3% year on year. Inflation was not taken into account.
Annual change in housing prices in the EU
In seven EU member states, housing prices have decreased over the year, while in 19 states the prices have showed an annual increase. The largest declines (not accounting for inflation) were recorded in:
- Luxembourg: -10.9%
- Germany: -5.7%
- Finland: -4.8%
The most significant annual increases in housing prices were noted in:
- Poland: +18.0%
- Bulgaria: +16.0%
- Lithuania: +9.9%
Quarterly changes in housing prices
Compared with the previous quarter, housing prices have decreased in eight EU countries and increased in eighteen.
The largest quarterly decreases were recorded in:
- Denmark: -2.5%
- France: -2.1%
- Slovakia: -1.7%
The highest growth over the quarter was observed in the markets of:
- Bulgaria: +7.1%
- Hungary: +5.1%
- Poland: +4.3%
Changes in housing prices in popular EU countries (first quarter 2023 - first quarter 2024)*
- Spain +6.4%
- Bulgaria +16.0%
- Germany -5.7%
- Italy +1.7%
- France -4.8%
- Cyprus +1.1%
- Finland -4.3%
- Portugal +7.0%
- Poland +18.0%
- Croatia +9.1%
- Malta +6.7%
Source: Eurostat
Photo by Farah Almazouni on Unsplash
Quoting conditions of Prian.info materials