Within the second quarter of 2024, home costs within the EU elevated by 1.9% and rents by 0.7% in contrast with the primary quarter of 2024.
In contrast with the second quarter of 2023, home costs went up by 2.9%, whereas rents elevated by 3.0%.
This info comes from knowledge on home costs and rents printed by Eurostat at present. This text presents findings from the extra detailed Statistics Defined article on housing worth statistics.
Home costs and rents within the EU adopted the same sample between 2010 and the second quarter of 2011 however have since developed otherwise. Whereas rents have elevated steadily, home costs have adopted a extra variable sample, combining durations of decline adopted by fast will increase. Between 2010 and the second quarter of 2024, home costs elevated by 52% and rents by 25%.
Supply datasets: prc_hpi_q and prc_hicp_midx
Home costs greater than doubled in 9 EU nations since 2010
When evaluating the second quarter of 2024 with 2010, among the many EU nations for which knowledge can be found, home costs elevated greater than rents in 20 nations. Home costs greater than tripled in Estonia (+232%) and Hungary (+218%) and have greater than doubled in Lithuania (+178%), Latvia (+146%), Czechia (+131%), Austria (+111%), Portugal (+106%), Luxembourg (+103%) and Bulgaria (+102%). Home costs didn’t change in Cyprus and decreased in Italy (-5%).
For a similar interval, rents elevated in 26 EU nations, with the very best rises registered in Estonia (+203%), Lithuania (+178%), Eire (+106%) and Hungary (+104%). The one lower in hire costs was recorded in Greece (-18%).
Supply datasets: prc_hpi_a, prc_hpi_q, prc_hicp_aind, prc_hicp_midx
For extra info
- Statistics Defined article on housing worth statistics – home worth index
- Thematic part on housing worth statistics
- Database on housing costs and gross sales
- Housing in Europe – 2023 interactive version
Methodological notes
- Greece: knowledge for home costs since 2010 not obtainable. Financial institution of Greece knowledge used to estimate the European aggregates.
- Switzerland: knowledge for home costs since 2010 not obtainable.