Poland reported the biggest annual increase in house prices in the European Union in the second quarter of 2024, with prices rising 17.7% year-on-year.
According to the Eurostat data, other notable increases in house prices were recorded in Bulgaria (+15.1%), Lithuania (+10.4%) and Croatia (+10.0%).
Of the EU member states for which data is available, 20 showed an annual increase in house prices, while six showed a decrease. The biggest falls on a year-on-year basis were seen in Luxembourg (-8.3%), Finland (-4.8%) and France (-4.6%).
On a pan-European basis, house prices increased by 2.9% in the European Union (and by 1.3% in the euro area) compared to the second quarter of 2023.
Quarter-on-quarter house price increases
On a quarter-on-quarter basis, house prices in the European Union rose by 1.9%, while they were up 1.8% in the euro area.
House prices increased in a total of 23 EU member states on a quarter-by-quarter basis, with the biggest increases seen in Croatia (+4.3%), Portugal (+3.9%) and Spain (+3.6%). Only France and Belgium (both -0.2%) saw house prices fall on a quarter-on-quarter basis, while in Hungary, housing prices were stable. Read more here.
House price increases by EU country, Q2 2024
| Country | Percentage Increase (%) |
|---|---|
| Poland | 17.7 |
| Bulgaria | 15.1 |
| Lithuania | 10.4 |
| Croatia | 10.0 |
| Hungary | 9.8 |
| Ireland | 8.4 |
| Spain | 7.9 |
| Portugal | 7.8 |
| Netherlands | 7.7 |
| Malta | 7.0 |
| Romania | 6.8 |
| Estonia | 6.7 |
| Slovenia | 6.7 |
| Czechia | 4.2 |
| Slovakia | 4.0 |
| Denmark | 3.9 |
| Belgium | 3.4 |
| Italy | 2.9 |
| Cyprus | 2.5 |
| Latvia | 1.1 |
| Austria | -0.7 |
| Sweden | -0.8 |
| Germany | -2.6 |
| France | -4.6 |
| Finland | -4.8 |
| Luxembourg | -8.3 |
