The Rent Prices Increasing by 18% and Purchase Prices by 49% in the EU

In the third quarter of this year, compared to the same period of last year, the rent prices increasing especially for apartments and flat purchases in the European Union increased by 2.1% and 7.4%, respectively – Eurostat reports. According to their information, the purchase prices and rents for apartments in the European Union increased similarly from 2010 to 2011.

Although the rent price in the EU during this year increased steadily until the third quarter, the purchase price of an apartment was quite unstable, and an upward trend for purchases was observed since 2015.

The Impact of Rent Prices Increasing on Our Life:

From 2010 to the third quarter of this year, rents have increased by 18% and the purchase price of an apartment by 49%, apartment prices have doubled in Hungary, Luxembourg, Lithuania, Latvia, the Czech Republic, and Austria.

In the third quarter, compared to 2010, the increase in the purchase price of an apartment is quite high compared to the rent in the 19 countries of the European Union

In the third quarter, compared to the past, during this year, the rent prices increasing especially houses and apartments more than rents in the 19 EU member states. From 2010 to this year, house prices increased in 24 EU member states and decreased in three.

Prices doubled in Estonia (+199%), Hungary (+174%), Luxembourg (+140%), Lithuania (+137%), Latvia (+134%), Czech Republic (+133%) and Austria (+). 130%).

A decrease was observed in Greece (-22%, see methodological notes), Italy (-9%) and Cyprus (-0.3%).