House prices across the European Union were 5.4% higher in the second quarter of 2025, compared to the corresponding period a year ago, new data from Eurostat has revealed.
In the euro area specifically, house prices were 5.1% higher in the quarter, year-on-year.
Compared to the first quarter, meanwhile, house prices increased by 1.6% in the EU and by 1.7% in the euro area. On an annual basis, house prices were 5.7% higher in the EU in Q1, and 5.3% higher in the euro area.
Largest increase in house prices
The biggest year-on-year increase in house prices was recorded in Portugal, where prices were 17.2% higher in the second quarter, followed by Bulgaria (15.5%) and Hungary (15.1%).
Other notable annual increases in house prices included a 13.2% increase in Croatia, 12.8% in Spain, 11.3% in Slovakia, and 10.5% in Czechia.
In terms of the EU’s largest economies, meanwhile, house prices rose 3.2% in Germany and 3.9% in Italy, while in France, prices were up by a more modest 0.5%.
Among the member states for which data is available, some 25 EU member states reported an annual increase in house prices in the second quarter. Just one country reported a fall in house prices in the quarter; Finland, where house prices fell by 1.3%. No data was available for Greece.
Quarterly increase
On a quarter-on-quarter bass, the biggest increases in house prices were seen in Portugal (+4.7%), Luxembourg (+4.5%) and Croatia (+4.4%), while France (-0.2%) and Belgium (-0.1%) reported the biggest declines.
The next Eurostat update on house prices, covering the third quarter of 2025, is scheduled for release on 9 January. Read more here. Read more here.
