Real estate prices and rents in the European Union increased in the first quarter of 2025
BRUSSELS – The prices of residential properties and rents in the European Union continued to rise in the first quarter of 2025, according to data released today by Eurostat. It is stated that property prices jumped by 5.7 percent compared to the same period in 2024, while rents increased by 3.2 percent.
Compared to the last quarter of 2024, house prices rose by 1.4 percent, and rents by 0.9 percent, indicating a continued stable growth of the real estate market across the EU. From 2010 to today, house prices in the European Union have increased by a total of 57.9 percent, while rents have jumped by 27.8 percent. However, the trajectory of growth has been different – rents have recorded gradual and stable growth, while apartment prices have shown significantly greater fluctuations – first a strong increase from 2015 to 2022, then a shorter period of stagnation, followed by a renewed upward trend from 2024. The largest increase in residential property prices from 2010 to 2025 was recorded in Hungary at 260 percent and Estonia at 238 percent, and prices have doubled or more in another nine member states, including Lithuania, Latvia, the Czech Republic, Portugal, Bulgaria, Austria, Luxembourg, Poland, and Slovakia.
Italy is the only country where residential property prices fell during this period, by four percent, according to the Eurostat website. When it comes to rental prices, the highest increases are recorded in Estonia at 220 percent, Lithuania at 184 percent, Hungary at 124 percent, and Ireland at 115 percent. Greece is the only EU member state where rents have fallen since 2010, by 11 percent. (July 4)
