Hungary reported a 21.1% annual increase in house prices in the third quarter of 2025, the highest year-on-year increase in the European Union, data from Eurostat has revealed.
Other countries to report a notable year-on-year increase in house prices in the quarter included Portugal (+17.7%), Bulgaria (+15.4%), Croatia (+13.8%) and Spain (+12.8%).
Just one country, Finland, saw house prices fall compared to the corresponding period a year earlier, registering a 3.1% decline.
On a quarter-on-quarter basis, meanwhile, the biggest increases in house prices were recorded in Latvia (+5.2%), Slovakia (+4.9%) and Portugal (+4.1%), with the largest declines seen in Luxembourg (-3.1%), Finland (-2.2%) and Slovenia (-1.1%).
House prices in the EU
Across the European Union, house prices were 5.5% higher in Q3 2025 compared to the same period a year earlier, while in the euro area, prices were 5.1% higher, Eurostat’s data showed.
Compared with the previous quarter, prices increased by 1.6% in both the EU and euro area, a similar pace to that of the previous quarter.
Eurostat’s House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners. Read more here.
