October 11, 2022
In the second quarter of 2022, house prices, as measured by the House Price Index, rose by 9.3% in the euro area and by 9.9% in the EU compared with the same quarter of the previous year. In the first quarter of 2022, house prices rose by 9.8% and 10.4% in the euro area and EU respectively. These figures come from Eurostat, the statistical office of the European Union.
Compared with the first quarter of 2022, house prices rose by 2.3% in both the euro area and the EU in the second quarter of 2022
House price developments in the EU Member States
All Member States for which data are available showed an annual increase in house prices in the second quarter of 2022 and, for sixteen of them, this increase exceeded 10%. The lowest increases were registered in Cyprus (+2.0%), Finland (+2.2%) and Denmark (+2.8%). The highest increases were recorded in Estonia (+27.4%), Czechia (+23.1%), Hungary (+22.8%) and Lithuania (+22.1%).
Compared with the previous quarter, prices also increased in all Member States. The lowest increases were registered in Sweden (+0.5%), Finland (+1.3%) and Belgium (+1.3%). The highest increases were recorded in Estonia (+8.0%), Lithuania (+5.9%) as well as Latvia and Slovakia (both +5.5%).
Source: Eurostat
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