Change in housing prices in the European Union Member States, Q2 2025
Released: 6 October 2025
In Q2 2025, housing prices in the European Union were 5.4% higher than a year earlier. Average prices rose in all countries except Finland, with Hungary showing one of the strongest increases, by 15.1%. In the other three Visegrad countries, the increase was lower, at 11.3% in Slovakia, 10.5% in Czechia, and 4.7% in Poland.
Compared to the previous (Q1 2025) quarter, price levels in Hungary increased by 1.1%.
Several participants in the housing market predicted double-digit price increases for 2025 as a whole. Duna House expected an increase of 10–20%, MBH Mortgage Bank 14–17%, and OTP Ingatlanpont 10–15%. The subsidy system aimed at supporting first-time home buyers (3% interest rate home loan scheme) may contribute to the rise in housing prices. Real estate experts surveyed by zenga.hu expect prices on the housing market to rise by 10-15% in the year following the announcement of the program, which, according to the MNB (based on opinions expressed at the Portfolio Future of Finance conference), could reach 15-20% in a negative scenario.
Table 1
Change in housing prices in the European Union Member States, Q2 2025
Territorial units
Change compared to the previous period, %
Change compared to the same period in the previous year, %
European Union average
1.7
5.1
Euro area
1.6
5.4
Austria
1.6
2.1
Belgium
–0.1
2.9
Bulgaria
3.8
15.5
Croatia
4.4
13.2
Cyprus
0.2
1.0
Czechia
3.1
10.5
Denmark
1.7
7.3
Estonia
3.6
5.5
Finland
0.9
–1.3
France
–0.2
0.5
Germany
1.1
3.2
Hungary
1.1
15.1
Ireland
1.3
7.7
Italy
2.7
3.9
Latvia
3.2
6.7
Lithuania
2.8
8.8
Luxembourg
4.5
4.6
Malta
1.7
5.6
Netherlands
1.4
9.5
Poland
1.2
4.7
Portugal
4.7
17.2
Romania
0.4
4.7
Slovakia
2.2
11.3
Slovenia
3.8
5.5
Spain
4.0
12.8
Sweden
0.2
0.7
Source: Euro indicators. Download date: 3 October 2025.
Data of Greece was not available.
Figure 1
Figure 2
Released: 6 October 2025
In Q2 2025, housing prices in the European Union were 5.4% higher than a year earlier. Average prices rose in all countries except Finland, with Hungary showing one of the strongest increases, by 15.1%. In the other three Visegrad countries, the increase was lower, at 11.3% in Slovakia, 10.5% in Czechia, and 4.7% in Poland.
Compared to the previous (Q1 2025) quarter, price levels in Hungary increased by 1.1%.
Several participants in the housing market predicted double-digit price increases for 2025 as a whole. Duna House expected an increase of 10–20%, MBH Mortgage Bank 14–17%, and OTP Ingatlanpont 10–15%. The subsidy system aimed at supporting first-time home buyers (3% interest rate home loan scheme) may contribute to the rise in housing prices. Real estate experts surveyed by zenga.hu expect prices on the housing market to rise by 10-15% in the year following the announcement of the program, which, according to the MNB (based on opinions expressed at the Portfolio Future of Finance conference), could reach 15-20% in a negative scenario.
| Territorial units | Change compared to the previous period, % | Change compared to the same period in the previous year, % |
|---|---|---|
| European Union average | 1.7 | 5.1 |
| Euro area | 1.6 | 5.4 |
| Austria | 1.6 | 2.1 |
| Belgium | –0.1 | 2.9 |
| Bulgaria | 3.8 | 15.5 |
| Croatia | 4.4 | 13.2 |
| Cyprus | 0.2 | 1.0 |
| Czechia | 3.1 | 10.5 |
| Denmark | 1.7 | 7.3 |
| Estonia | 3.6 | 5.5 |
| Finland | 0.9 | –1.3 |
| France | –0.2 | 0.5 |
| Germany | 1.1 | 3.2 |
| Hungary | 1.1 | 15.1 |
| Ireland | 1.3 | 7.7 |
| Italy | 2.7 | 3.9 |
| Latvia | 3.2 | 6.7 |
| Lithuania | 2.8 | 8.8 |
| Luxembourg | 4.5 | 4.6 |
| Malta | 1.7 | 5.6 |
| Netherlands | 1.4 | 9.5 |
| Poland | 1.2 | 4.7 |
| Portugal | 4.7 | 17.2 |
| Romania | 0.4 | 4.7 |
| Slovakia | 2.2 | 11.3 |
| Slovenia | 3.8 | 5.5 |
| Spain | 4.0 | 12.8 |
| Sweden | 0.2 | 0.7 |
Data of Greece was not available.