Hungary has seen the biggest increase in house prices in the EU since 2010

House prices and rents in the EU

On Friday Eurostat published a report on house and rent price developments in the EU. The data show that Hungary, together with Estonia, leads the EU house price inflation ranking between the third quarter of 2010 and the same period in 2024.

Country-specific house price changes

• Hungary leads in price increases
• Lithuania, Latvia, the Czech Republic, Austria, Portugal, Bulgaria and Luxembourg also recorded significant price increases of more than 100 percent.
• Spain, Finland, Cyprus, and Italy have seen prices barely rise, and Italy has even seen prices fall over the past 14 years.

Over all, the average increase in housing markets across the European Union was 54.1 percent.

Rent price trends

Hungary shows a slightly more favourable picture for rental prices. Over the period under review, there was an increase of 108 percent, which is better than the 216 percent increase observed in Estonia and the 183 percent rise in Lithuania. Ireland's 109 percent increase is also slightly higher than in Hungary.

Despite this, the Hungarian rental market still shows the fourth highest price increases in the EU, with an average price rise of just 26 percent.

Source: index.hu