After analyzing data for the period from the beginning of 2010 to the second quarter of 2020, “Eurostat” published a comparative report, which showed that housing prices in the euro area increased by 25.0% and rents – by 14.2%.

 

Residential real estate prices have risen faster than rents in 16 eurozone countries. Housing prices rose in 23 EU member states and fell in only four.

 

The highest growth rates of housing prices are observed in the following countries:
1) Estonia (+ 100.5%);
2) Luxembourg (+ 85.8%);
3) Latvia (+ 77.3%);
4) Austria (+ 75.9%).

 

The decrease in housing prices was recorded in:
1) Greece (-31.0%);
2) Italy (-13.2%);
3) Spain (-5.6%);
4) Cyprus (-3.0%).

 

Rental trends are somewhat different. The cost for the same period increased in 25 EU countries and decreased in 2. The largest increase is observed in:

 

1) Estonia (+ 135.8%);
2) Lithuania (+ 105.4%);
3) Ireland (+ 62.3%).

 

Rental rates decreased in:

 

1) Greece (-25.2%)
2) Cyprus (-4.8%).

 

* Data from Eurostat