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Tuesday | March 2 | 2021

Europe: House prices up by 26.8%, rents up by 14.6% since 2010

Over the period 2010 until the third quarter of 2020, rents increased by 14.6% and house prices by 26.8% in the European Union.

When comparing the third quarter of 2020 with 2010, house prices increased more than rents in 16 EU Member States, Eurostat data shows.

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%).

Different pattern for rents

When comparing the third quarter of 2020 with 2010, rent 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%).

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