The Rent Prices have Risen by 18% and Purchase Prices by 49% in the EU since 2010
In the third quarter of 2022, compared to the same period in 2021, prices for apartment rent and apartment purchase 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 in 2022 increased steadily until the third quarter of 2022, the purchase price of an apartment was quite unstable, and an upward trend for purchases was observed since 2015.
From 2010 to the third quarter of 2022, 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 of 2022, 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 of 2022, compared to 2010, house prices increased more than rents in the 19 EU member states. From 2010 to 2022, 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%).
