Bulgaria reported the biggest annual increase in house prices in the European Union in the third quarter of 2024, seeing a 16.5% increase year-on-year, new data from Eurostat has found.
Other countries to report a sizeable increase in house prices in the quarter include Poland (+14.4%), Hungary (+13.4%), Croatia (+12.3%) and the Netherlands (+10.3%).
At the other end of the scale, house prices decreased in four EU countries on an annual basis, with France down 3.5%, Finland down 2.8%, Luxembourg down 1.7% and Germany down 0.7%.
Of the EU countries for which data is available, a total of 22 saw house prices increase in the third quarter. Note that some of this data is provisional, including the data for Bulgaria, Hungary, Netherlands, Ireland and several other countries.
House prices in the EU
In the European Union as a whole, house prices increased by 3.8% in the third quarter, compared to a 3.0% increase in Q2. Within the euro area specifically, houses prices were up 2.6% in Q3, against a 1.4% gain in Q2.
On a quarter-on-quarter basis, comparing Q3 to Q2, house prices increased in 24 member states and decreased in two. The biggest quarter-on-quarter increases were recorded in Bulgaria (+3.9%), Portugal (+3.7%) and the Netherlands (+3.6%). Read more here.
House price increases/decreases in EU member states, Q3 2024
| Country | Price Change (%) |
|---|---|
| Bulgaria | 16.5 |
| Poland | 14.4 |
| Hungary | 13.4 |
| Croatia | 12.3 |
| Netherlands | 10.3 |
| Ireland | 9.9 |
| Portugal | 9.8 |
| Lithuania | 8.9 |
| Spain | 8.3 |
| Slovenia | 7.9 |
| Malta | 6.9 |
| Estonia | 6.4 |
| Slovakia | 6.2 |
| Czechia | 5.9 |
| Latvia | 5.4 |
| Denmark | 4.6 |
| Italy | 3.9 |
| Romania | 3.9 |
| Belgium | 3.6 |
| Cyprus | 2.7 |
| Austria | 0.7 |
| Sweden | 0.3 |
| Germany | -0.7 |
| Luxembourg | -1.7 |
| Finland | -2.8 |
| France | -3.5 |
