Bulgaria reported a 18.3% increase in house prices in the fourth quarter of 2024, the biggest annual increase in the European Union, new data from Eurostat has found.
Other countries to report a notable annual increase in house prices included Hungary (+13.0%), Portugal (+11.6%), Spain (+11.4%), the Netherlands (+10.8%) and Poland (+10.4%).
At the other end of the spectrum, two EU countries reported a decline in house prices in the fourth quarter – France and Finland (both -1.9%).
House prices in the EU
Compared with the previous year, house prices rose by 4.9% in the EU, and by 4.2% in the euro area, in the fourth quarter of 2024.
On a quarter-on-quarter basis, meanwhile, house prices were up 0.8% in the EU and 0.6% in the euro area. The biggest quarter-on-quarter house price increases were observed in Slovakia (+3.6%), Slovenia (+3.1%) and Portugal (+3.0%), with the biggest declines registered in France (-1.0%), Cyprus (-1.0%) and Estonia (-0.7%).
‘More than tripled’
Compared with 2010, house prices have now more than tripled in Hungary (+234%) and Estonia (+228%) and have more than doubled in Lithuania (+187%), Latvia (+153%), Czechia (+142%), Portugal (+120%), Bulgaria (+115%), Austria (+112%) and Luxembourg (+105%), Eurostat‘s data showed.
Elsewhere, in the fourth quarter, rents increased by 3.2% on average across the European Union, compared with the fourth quarter of 2023. Read more here and here.
Annual House Price Changes by EU Member State, Q4 2024 (%)
| Country | % Change |
|---|---|
| Bulgaria | 18.3 |
| Hungary | 13.0 |
| Portugal | 11.6 |
| Spain | 11.4 |
| Netherlands | 10.8 |
| Poland | 10.4 |
| Croatia | 10.1 |
| Lithuania | 9.8 |
| Ireland | 9.3 |
| Slovenia | 8.5 |
| Czechia | 8.4 |
| Latvia | 8.1 |
| Slovakia | 7.9 |
| Malta | 5.2 |
| Italy | 4.5 |
| Romania | 4.0 |
| Denmark | 3.7 |
| Estonia | 3.6 |
| Belgium | 2.9 |
| Sweden | 2.4 |
| Cyprus | 2.3 |
| Germany | 1.9 |
| Austria | 1.7 |
| Luxembourg | 1.4 |
| France | -1.9 |
| Finland | -1.9 |
Between 2010 and Q4 2024, house prices in the EU increased most in:
— EU_Eurostat (@EU_Eurostat) April 8, 2025
🇭🇺Hungary (+234%)
🇪🇪Estonia (+228%)
🇱🇹Lithuania (+187%)
Rents increased most in:
🇪🇪Estonia (+212%)
🇱🇹Lithuania (+175%)
🇭🇺Hungary (+114%)
Learn more ➡️https://t.co/qRMptelvO4 pic.twitter.com/8kZICnTR2u
