Where did household prices and rentals rise in Europe by 2024?

He The cost of living has increased According to a 2024 survey, this is the main reason for the concern of European citizens. This is not surprising as housing prices continue to rise throughout the EU.

In the fourth quarter of 2024, Home prices have increased by 4.9% in the region and rentals rose 3.2% compared to the same 2023 period. Throughout 2024, the annual growth of household prices in the EU was 3.3%, and rentals experienced an increase of 3.1%.

Price fluctuations They differ across EuropeAnd even some countries enjoyed descent. But which European countries enjoy the largest increase in housing and rental prices by 2024?

According to Eurostat, by 2024, the annual average variation of household prices throughout the EU 5.2% Laxamburg decreased and a 16.5% increase in Bulgaria.

Home prices have fallen in France and Germany by 2024

Besides Luxembourg, household prices They are at least (-3.7%) in FranceFinland (-3.5%), Germany (-1.6%) and Austria (-0.2%) in 2024. Apart from Bulgaria, a significant increase in Poland (15.0%), Hungary (12.8%) and Croatia (10.4%).

Large increase in Portugal (9.1%) recorded, Espana (8.5%)Ireland (8.5%) and the Netherlands (8.2%). According to ONS, the average annual inflation of housing prices in the United Kingdom was 4.6% in the 12 months pre -December 2024.

Tuts to Eastern Europe and southeast Dominate the upper part of the classificationShows large increases, during countries Occupied the lower end of the western and northern Europe.

Compared to the last quarters of 2024 and 2023, the increase in household prices followed a method similar to average variations throughout the year. Inside the European Union, Bulgaria recorded the largest medieval increase with 18.3%It is followed by Hungary (13.0%) and Portugal (11.5%).

In four major EU economies, Spain experienced the highest increase with 11.3%, France recorded a 1.9% decline during the same period. Along with France, Finland (-1.9%) only experienced the EU country. The mutual variation this quarter was 1.9% in Germany and 4.5% in Italy.

Turkey, who has experienced High inflation in recent yearsA different case among the socially non -social countries on the list, including some candidates and members of the AELC. By 2024, house prices in Turgie increased by 41.5% and 28.5% in the fourth quarter.

Increase in rents is slightly behind household prices

In the European Union, The increase in rents was slightly below the growth of household pricesIn the average of the year by 2024 and the mutual variation for the past quarter. The average year of rent was 3.1%, while the year increased in the last quarter of 2024 to 3.2%. For household prices, these figures are 3.2% and 4.9% respectively.

In EU countries, the annual average variation of rental is first 0.9% decreased in Estonia and an increase of 12.4% in Hungary. Estonia is the only country that has declined rent.

States Eastern Europe and Balkons recorded the largest increase in rentalsCountries of West and Northern Europe have experienced low growth or Hierarchical stagnation.

The largest EU economies, Germany (2.2%) and France (2.3%)The increase in rents in lower rents than the EU’s average, while Italy it was slightly exceeded with 3.2%.

Rentals in the United Kingdom almost doubled the growth of home prices

In the United Kingdom, Rentals almost double home prices rose. Medium private rents increased by 9.0% in the 12 months preceding December 2024 compared to 4.6% rise in house prices during the same period.

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In the EU, the mutual increase in rents in the last quarter of 2024 was 1.1% of Lithuania and 11.3% of Hungary. Like home prices, Turkey was revealed as a different case in increasing rentalsWith more large imbalance. By 2024, the average year of rents reached 117.2%, and the mutual variation in the past quarter was 109%.

To better understand the trends of real estate in Turkee, it is very useful to consider actual changes (adjusted with inflation) Salary has increased significantly on nominal basis in recent years. For example, the nominal minimum wage increased by 71% by 2024 compared to 2023.