Eurostat: 2010 -2023, housing prices in the EU increased by 48% and rents by 22%.

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In the third quarter of 2023, both housing prices and rents in the EU increased by 0.8% compared to the second quarter of 2023, according to data released today by Eurostat.

Compared to the third quarter of 2022, housing prices in the EU decreased by -1%, while rents increased by 3%.

After a sharp decline between the second quarter of 2011 and the first quarter of 2013, housing prices in the EU remained relatively stable between 2013 and 2014. There was a rapid increase in early 2015, and housing prices increased faster than rents until the third quarter of 2022. From the fourth quarter of 2022, housing prices decreased for two consecutive quarters before increasing again in the second and third quarters of 2023.

Between 2010 and the third quarter of 2023, housing prices increased by 48% and rents by 22%. Comparing the third quarter of 2023 to 2010, housing prices increased more than rents in 18 out of the 27 EU countries.

During this period, housing prices tripled in Estonia (+210%) and doubled in Hungary (+185%), Lithuania (+158%), Latvia (+141%), Austria (+123%), the Czech Republic (+122%), and Luxembourg (+107%). Decreases were observed in Greece (-14%), Italy (-8%), and Cyprus (-2%).

Rents increased in 26 EU countries, with the highest increases in Estonia (+218%), Lithuania (+170%), and Ireland (+100%). The only decrease in rental prices was recorded in Greece (-20%).

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