Housing Index in European Union increased to 157.48 points in the first quarter of 2025 from 155.33 points in the fourth quarter of 2024. This dataset provides - European Union House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Turkey had the highest inflation-adjusted house price index out of the ** European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded *** index points in the fourth quarter of 2024, showing an increase in real terms of *** percent since 2010, the baseline year for the index. Iceland and Estonia completed the top three, with an index value of *** and *** index points. In the past year, however, many European countries saw house prices decline in real terms. Where can I find other metrics on different housing markets in Europe? To assess the valuation in different housing markets, one can compare the house-price-to-income ratios of different countries worldwide. These ratios are calculated by dividing nominal house prices by nominal disposable income per head. There are also ratios that look at how residential property prices relate to domestic rents, such as the house-price-to-rent ratio for the United Kingdom. Unfortunately, these numbers are not available in a European overview. An overview of the price per square meter of an apartment in the EU-28 countries is available, however. One region, different markets An important trait of the European housing market is that there is not one market, but multiple. Property policy in Europe lies with the domestic governments, not with the European Union. This leads to significant differences between European countries, which shows in, for example, the homeownership rate (the share of owner-occupied dwellings of all homes). These differences also lead to another problem: the availability of data. Non-Europeans might be surprised to see that house price statistics vary in depth, as every country has their own methodology and no European body exists that tracks this data for the whole continent.

Graph and download economic data for Residential Property Prices for Euro area (QXMN628BIS) from Q1 1975 to Q4 2024 about Euro Area, Europe, residential, HPI, housing, price index, indexes, and price.

Hungary, Czechia, Poland, and Portugal were the countries in Europe where house prices increased the most between 2015 and 2024. The EMF house price index for all four countries measured more than *** index points, indicating that home prices more than doubled since 2015 — the base year. Property prices are tightly connected with the supply of new homes. France, Poland, and Denmark are some of the countries with the most dwellings completed per 1,000 citizens in Europe.

Housing Index In the Euro Area increased to 150.39 points in the first quarter of 2025 from 148.47 points in the fourth quarter of 2024. This dataset provides the latest reported value for - Euro Area House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The price of residential real estate increased in most countries in the European Union in the fourth quarter of 2023. Prices rose the most in Poland, Bulgaria, and Croatia. Nevertheless, many of the largest markets saw prices decline. In Germany, the house price index fell by *** percent from the same period a year ago. According to the aggregate house price index for the EU, prices mostly stabilized after a brief drop in the second half of 2022.

In 2024, Turkey was the country with the highest increase in house prices since 2010 in Europe. In the fourth quarter of the year, the nominal house price index in Turkey reached ******** index points. House prices in Turkey have soared since 2021, fueled by hyperinflation in the country. According to the index, which amounted to *** in 2010, house prices in Turkey increased by almost ***** percent (** times) since 2010, the baseline year when the index value was set to ***. Iceland had the second-highest increase, at ****** index points (*** percent). It is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower.

Key information about House Prices Growth

• EU house prices grew 3.8% YoY in Sep 2024, following an increase of 3.0% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Sep 2024, with an average growth rate of 3.6%.
• House price data reached an all-time high of 11.2% in Dec 2006 and a record low of -4.8% in Jun 2009.

The aggregate house price index for the 27 countries in the European Union reached 148.26 index points in the fourth quarter of 2023. The index measures the development of residential real estate prices, with 2015 chosen as a baseline year with an index value of 100. An index value of 120, for example, suggests a price increase of 20 percent since 2015.

House Price Index YoY In the Euro Area increased to 5.40 percent in the first quarter of 2025 from 4.10 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Euro Area House Price Index YoY.

European Union - House price index (2015 = 100) was 3.80 % year-on-year in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - House price index (2015 = 100) - last updated from the EUROSTAT on June of 2025. Historically, European Union - House price index (2015 = 100) reached a record high of 10.50 % year-on-year in March of 2022 and a record low of -1.20 % year-on-year in September of 2023.

European Union House Price Index: EU 27 excl UK data was reported at 155.790 2015=100 in Dec 2024. This records an increase from the previous number of 154.620 2015=100 for Sep 2024. European Union House Price Index: EU 27 excl UK data is updated quarterly, averaging 102.895 2015=100 from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 155.790 2015=100 in Dec 2024 and a record low of 83.540 2015=100 in Mar 2005. European Union House Price Index: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100. [COVID-19-IMPACT]

Spain - House price index was 8.30% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - House price index - last updated from the EUROSTAT on June of 2025. Historically, Spain - House price index reached a record high of 14.60% in December of 2006 and a record low of -16.10% in September of 2012.

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

European Union House Price Index: Newly Built Dwellings: EU data was reported at 164.870 2015=100 in Dec 2024. This records an increase from the previous number of 163.010 2015=100 for Sep 2024. European Union House Price Index: Newly Built Dwellings: EU data is updated quarterly, averaging 107.190 2015=100 from Dec 2009 (Median) to Dec 2024, with 61 observations. The data reached an all-time high of 164.870 2015=100 in Dec 2024 and a record low of 96.360 2015=100 in Jun 2013. European Union House Price Index: Newly Built Dwellings: EU data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100.

European Union House Price Index: Existing Dwellings: EU data was reported at 152.400 2015=100 in Dec 2024. This records an increase from the previous number of 151.420 2015=100 for Sep 2024. European Union House Price Index: Existing Dwellings: EU data is updated quarterly, averaging 109.500 2015=100 from Dec 2009 (Median) to Dec 2024, with 61 observations. The data reached an all-time high of 152.400 2015=100 in Dec 2024 and a record low of 94.700 2015=100 in Mar 2013. European Union House Price Index: Existing Dwellings: EU data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100.

European Union House Price Index: EA 20 data was reported at 148.140 2015=100 in Dec 2024. This records an increase from the previous number of 147.200 2015=100 for Sep 2024. European Union House Price Index: EA 20 data is updated quarterly, averaging 102.810 2015=100 from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 148.140 2015=100 in Dec 2024 and a record low of 88.300 2015=100 in Mar 2005. European Union House Price Index: EA 20 data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100.

The deflated house price index (or real house price index) is the ratio between the house price index (HPI) and the national accounts deflator for private final consumption expenditure (households and non-profit institutions serving households (NPISHs) ). This indicator therefore measures inflation in the house market relative to inflation in the final consumption expenditure of households and NPISHs. Eurostat HPI captures price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both new and existing, independently of their final use and their previous owners. Only market prices are considered, self-build dwellings are therefore excluded. The land component is included. The data are expressed as annual index 2015=100 and as 1 year % change.

The financial crisis of 2008 has caused a number of changes in the investment of both companies and individuals. One of the widely invested assets became the real estate market. The decline in real estate prices was noted in 2009 and 2012-2014. The highest decrease in property prices was indicated in Bulgaria, Ireland, Lithuania, Latvia, Slovakia and Estonia. Property prices, despite the crisis, increased however in Belgium and Germany. On average, property prices in the EU declined by 4.4% in 2009, 1.9% in 2012 and 1.2% in 2013.

Technical information The house price index measures the price evolution of real estate prices on the market of private property. The index follows price changes of new or existing residential real estate purchased by households, irrespective of their purpose (letting or owner-occupying). Only market prices are taken into account. Houses built by their owners are therefore not included. The price of the building plot is included in the house price. The house price index is based on real estate transaction data from the General Administration of the Patrimonial Documentation of the FPS Finances. The prices used are those included in the deeds of sale. Given the time between the date on which the preliminary sales agreement is signed and the date on which the deed is executed (between three and four months), this index measures the price evolution with a delay compared to the actual date on which the sales price is set. This delay is inherent to the data source. The house price index is calculated by the European Union Member States, Norway and Iceland. Eurostat calculates the index for the Euro area (as well as for the European Union as a whole) using the harmonised indices of the Member States. Given the role of the housing market in the economic and financial crisis of 2008, the house price index was included in the indicators used in the procedure for macroeconomic imbalances procedure of the European Union. The house price index is calculated under the European Regulation 2016/792 on harmonised indices of consumer prices and the house price index and 2023/1470 laying down the methodological and technical specifications as regards the house price index and the owner-occupied housing price index. Data are available from 2005 onward for Belgium as well as for the European Union and the majority of European countries. The house price index can be broken down by new houses and existing houses. The weights of these two items in the overall index are determined by the gross fixed capital formation in houses (for the new houses) and the total value of transactions of the previous year (for the existing houses). Until 2013, the house price index of new houses was roughly estimated based on the output price index in the construction sector. Since 2014, it is also based on real estate transaction data. House price index for existing houses is available per region since 2010. Therefore, data were completely reviewed for the publication of results in the 4th quarter of 2023 in 2024. Since the houses that are put up for sale differ from one quarter to another, the changes in characteristics are processed with hedonic regression models to eliminate price fluctuations due to changes in characteristics of the properties sold. These models aim to estimate the theoretical price based on the characteristics and location of the houses sold. This theoretical price is then compared to the actual price. Two indices are calculated, one with the actually observed transaction prices and the other with the prices estimated by the regression models. The final index is obtained by calculating the ratio of the index obtained with the actual transaction prices compared to the index obtained with the estimated prices. Therefore, the house price index may be evolving differently from the observed average prices.