Change in housing prices in the European Union Member States, Q1 2025
Released: 10 July 2025
In Q1 2025, housing prices in the European Union were 5.7% higher than a year earlier. Average prices rose in all countries except Finland, with Hungary showing one of the strongest increases, by 12.1%. Among the other three Visegrad countries, the increase was similar in Slovakia (12.2%) and lower in Poland and Czechia (6.6% and 9.9% respectively).
Compared to the previous (Q4 2024) quarter, price levels in Hungary increased by 5.2%, the highest in the EU.
Several housing market participants forecast double-digit price increases for thwe whole of 2025. Duna House expected 10–20%, MBH Mortgage Bank 14–17% and OTP Ingatlanpont 10–15%. The support scheme for first-time home buyers (3% interest rate home loan scheme) could contribute to the rise in house prices.
Table 1
Change in housing prices in the European Union Member States, Q1 2025
Territorial units
Change compared to the previous period, %
Change compared to the same period in the previous year, %
European Union average
1.4
5.7
Euro area
1.3
5.4
Austria
0.9
3.2
Belgium
0.7
2.7
Bulgaria
4.2
15.1
Croatia
4.5
13.1
Cyprus
1.1
2.0
Czechia
2.3
9.9
Denmark
2.1
8.7
Estonia
3.0
4.6
Finland
–1.0
–1.9
France
0.3
0.6
Germany
1.4
3.8
Hungary
5.2
12.1
Ireland
1.0
7.9
Italy
–0.2
4.4
Latvia
1.2
5.8
Lithuania
2.4
8.8
Luxembourg
–1.2
0.9
Malta
1.5
5.7
Netherlands
1.9
10.7
Poland
0.7
6.6
Portugal
4.8
16.3
Romania
2.1
4.9
Slovakia
2.1
12.2
Slovenia
–2.0
3.2
Spain
3.6
12.3
Sweden
0.1
1.9
Source: Euro indicators. Download date: 4 July 2025.
Data of Greece was not available.
Figure 1
Figure 2
Released: 10 July 2025
In Q1 2025, housing prices in the European Union were 5.7% higher than a year earlier. Average prices rose in all countries except Finland, with Hungary showing one of the strongest increases, by 12.1%. Among the other three Visegrad countries, the increase was similar in Slovakia (12.2%) and lower in Poland and Czechia (6.6% and 9.9% respectively).
Compared to the previous (Q4 2024) quarter, price levels in Hungary increased by 5.2%, the highest in the EU.
Several housing market participants forecast double-digit price increases for thwe whole of 2025. Duna House expected 10–20%, MBH Mortgage Bank 14–17% and OTP Ingatlanpont 10–15%. The support scheme for first-time home buyers (3% interest rate home loan scheme) could contribute to the rise in house prices.
| Territorial units | Change compared to the previous period, % | Change compared to the same period in the previous year, % |
|---|---|---|
| European Union average | 1.4 | 5.7 |
| Euro area | 1.3 | 5.4 |
| Austria | 0.9 | 3.2 |
| Belgium | 0.7 | 2.7 |
| Bulgaria | 4.2 | 15.1 |
| Croatia | 4.5 | 13.1 |
| Cyprus | 1.1 | 2.0 |
| Czechia | 2.3 | 9.9 |
| Denmark | 2.1 | 8.7 |
| Estonia | 3.0 | 4.6 |
| Finland | –1.0 | –1.9 |
| France | 0.3 | 0.6 |
| Germany | 1.4 | 3.8 |
| Hungary | 5.2 | 12.1 |
| Ireland | 1.0 | 7.9 |
| Italy | –0.2 | 4.4 |
| Latvia | 1.2 | 5.8 |
| Lithuania | 2.4 | 8.8 |
| Luxembourg | –1.2 | 0.9 |
| Malta | 1.5 | 5.7 |
| Netherlands | 1.9 | 10.7 |
| Poland | 0.7 | 6.6 |
| Portugal | 4.8 | 16.3 |
| Romania | 2.1 | 4.9 |
| Slovakia | 2.1 | 12.2 |
| Slovenia | –2.0 | 3.2 |
| Spain | 3.6 | 12.3 |
| Sweden | 0.1 | 1.9 |
Data of Greece was not available.