Increase in construction costs and mortgage types, limited offer and increase Buying as an investment in housing They have attributed high prices in some EU countries.
Hangry Registered the old Increase priceWith homes that spend three times more than 2015. Today, Budapest, an apartment in the country’s capital, is on an average of 250,000 to 1.5 million euros.
Hungary is as follows Iceland.
As per the bank’s claim, such as Iceland The supply grows and softens the demandOvarian Home prices are increasing at slow speedMutual inflation of housing prices was 8% in March.
There is also a place in the rest of Europe A significant increase in home prices in the last 9 years. In LithuaniaOvarian PathugalThe RepublicOvarian BulgariaOvarian Estonia y Polish Prices increased more than twice.
Meanwhile, at the end of the list FinlandiaHome prices were not considerably higher than that almost ten years ago. However, there are huge differences between the price of houses in rural and Helsinki areas.
According to the recent global property guide report, it is possible Finnish real estate market recessionBeginning in 2021, it has touched the background, seeing how the prices fell by 14% per year.
They believe that current economic recovery supports gradual increase in home prices, mainly new construction Second -Hand is expected to increase only somewhat between 1% And 3%this year. The second -hand sites have an average price of 4,612 euros per square meter, which raises the price from 75 m2 to 345,900 euros, but in Helsinki it can be 400,000 – 500,000 euros.
There is no data in the eurostat Home prices in Greece.
Outside the European Union, Turkey Prices are 17 times more than 2015. In Istanbul, the two bedroom apartment usually costs about 120,000 euros today. .
How affordable to rent a house?
Renting a home or an apartment across Europe was very expensive, although they increased at a slower pace than prices. According to the recent data of the Eurostat, In the EU, rental increased by 26.7% in the fourth quarter of 2024 to 2024.
However, The rental prices were more than the average countries. Estonia experienced the greatest progress in rental prices, which was heavily three times (+212%) In 2010, in 2010), in Lithuania, renting 175%and Iceland, prices have increased by 120%.
In Hungary, rental prices are more than twice as much (+114%) What they were in 2010. Greece is at the end of this list, where the rental prices are 13% cheap in the same period. In the meantime, In Turgie, the rental prices are almost 8.8 times more than a decade agoAccording to the latest OECD data.
Home Costs: Where are the highest in the EU?
Home costs, including the payment of public services, have increased significantly in many EU member states. From 2015 to March 2025, Estonios recorded the largest increase in housing costs In the entire volume. They paid twice and ten years ago.
AdvertisementPoland and Czech Republic, following Estonia, recorded some 180% of household expenses in 2015. In the EU, on average, these prices increased by more than 40% in the same period.
Within the block, A slight increase in Spain, over 20%. However, Albania, which is to enter the EU, has recorded a less increase.
Ireland is heading the list of higher expensive countries, according to the latest data of Eurostat (2023), compared to the EU -average home price. In France and Germany, this cost was somewhat more; In Italy and Spain, the EU is slightly lower than the EU average.
AdvertisementMaltese and Hungarian paid only two -thirds of the EU average, and Bulgarians were at the end of the list, under 40%. Many young Europeans are somewhat criminals and housing prices that cannot leave the home for many years since they started work.
According to Eurostat, Young Europeans leave the paternal home on average 26.3 years. This data varies significantly between EU countries, from 21.4 years of Finland to 31.8 Croatia.
AdvertisementWhere did it invest in assets?
In 2023, Eurostat reports that Zipriates invested in assets equivalent to 8.6% of the country’s GDP. In Italy, this rate was slightly higher than 7%, Germany (6.9%) and France (6.4%).
Poland (2.2%of GDP) and the lowest rate in Greece (2.3%) were recorded. The average household investment in the EU was 5.8% of GDP in 2023Approximately one billion euros.
