Three of the five EU countries that registered the highest annual (year-on-year) house price growth in Q3 2020 are located in CEE – Poland (#2), Slovakia (#4) and the Czech Republic (#5), freshly released data by Eurostat reveals.
Between 2010 and Q3 2020, rents increased by 14.6% and house prices by 26.8% in the 27 member states of the EU.
When comparing Q3 2020 with 2010, house prices increased more than rents in 16 EU member states. House prices increased in 23 member states and decreased in four, with the highest rises in Estonia (+105.1%), Hungary (+92.2%), Luxembourg (+90.5%), Latvia (+83.6%) and Austria (+81.3%). Decreases were observed in Greece (-31.0%), Italy (-15.5%), Cyprus (-7.7%) and Spain (-4.5%).
For rents, the pattern was different. When comparing Q3 2020 with 2010, prices increased in 25 EU member states and decreased in two, with the highest rises in Estonia (+136.6%), Lithuania (+106.9%) and Ireland (+62.2%). Decreases were recorded in Greece (-25.2%) and Cyprus (-4.5%).
