Hungary reported the highest increase in house prices in the European Union in the fourth quarter of 2025, with a 21.2% gain year-on-year, according to Eurostat data.
Other countries to report a notable annual increase in house prices included Portugal (+18.9%), Croatia (+16.1%) and Spain (+12.9%). Just one country, Finland (-3.1%) saw house prices fall in the quarter, compared to the corresponding period a year earlier.
On a quarter-on-quarter basis, meanwhile, house prices saw the highest increases in Slovenia (+5.1%), Hungary (+4.2%) and Portugal (+4.0%) in Q4, with some 22 member states seeing prices increase. Three countries, France (-0.7%), Finland (-0.5%) and Estonia (-0.3%), registered quarter-on-quarter declines.
House prices across Europe
In the fourth quarter of 2025, house prices increased by 5.1% in the euro area compared with the same period in 2024. Across the wider European Union, prices rose by 5.5% year-on-year.
On a quarterly basis, prices also moved upward, with a 0.6% increase in the euro area and a 0.8% rise across the EU compared with the third quarter of 2025.
Eurostat’s house price index data measures changes in the price of residential properties purchased by households, including both new and existing homes. It covers all types of housing and is compiled using national data across member states, with EU and euro area aggregates calculated based on economic weighting. Read more here.
Annual House Price Change by EU Member State – Q4 2025 (%)
| Country | Change (%) |
|---|---|
| Hungary | 21.2 |
| Portugal | 18.9 |
| Croatia | 16.1 |
| Spain | 12.9 |
| Slovakia | 12.8 |
| Bulgaria | 12.6 |
| Latvia | 11.0 |
| Lithuania | 10.8 |
| Czechia | 10.4 |
| Denmark | 7.6 |
| Ireland | 7.0 |
| Romania | 6.7 |
| Netherlands | 6.2 |
| Malta | 6.1 |
| Cyprus | 6.0 |
| Slovenia | 5.8 |
| Estonia | 5.5 |
| Poland | 4.3 |
| Italy | 4.1 |
| Austria | 3.7 |
| Belgium | 3.5 |
| Germany | 3.0 |
| Sweden | 1.2 |
| France | 1.0 |
| Luxembourg | 0.1 |
| Finland | -3.1 |
