Change in housing prices in the European Union Member States, Q3 2025
Released: 12 January 2026
In Q3 2025, housing prices in the European Union were 5.5% higher than a year earlier. Average prices increased in all countries except Finland, with the strongest growth recorded in Hungary, at 21.1%. Significant increases of over 10% were also observed in several countries that joined the EU in 2004 or later, as well as in Spain and Portugal. Among the Visegrad countries, prices rose by 13.4% in Slovakia,10.8% in Czechia, and 4.0% in Poland.
Compared to the previous (Q2 2025) quarter, price levels in Hungary increased by 3.1%.
In its November 2025 Housing Market Report the MNB (the central bank of Hungary) projected that nominal housing prices could increase by close to 29% for the year as a whole. This rise may be supported by the Otthon Start Program, which aims to assist first-time home buyers, as higher demand without a rapid adjustment in housing supply tends to push prices upward.
Table 1
Change in housing prices in the European Union Member States, Q3 2025
Territorial units
Change compared to the previous period, %
Change compared to the same period in the previous year, %
European Union average
1.6
5.5
Euro area
1.6
5.1
Austria
1.6
2.7
Belgium
2.4
3.7
Bulgaria
3.8
15.4
Croatia
2.9
13.8
Cyprus
–0.3
0.1
Czechia
2.5
10.8
Denmark
2.5
6.8
Estonia
–0.8
5.2
Finland
–2.2
–3.1
France
1.6
0.7
Germany
1.0
3.3
Hungary
3.1
21.1
Ireland
2.6
7.5
Italy
0.6
3.8
Latvia
5.2
8.4
Lithuania
2.9
10.8
Luxembourg
–3.1
1.2
Malta
1.6
5.7
Netherlands
2.0
7.7
Poland
0.9
4.0
Portugal
4.1
17.7
Romania
2.3
6.6
Slovakia
4.9
13.4
Slovenia
–1.1
2.7
Spain
2.9
12.8
Sweden
0.5
0.5
Source: Euro indicators. Download date: 9 January 2026.
Data of Greece was not available.
Figure 1
Figure 2
Released: 12 January 2026
In Q3 2025, housing prices in the European Union were 5.5% higher than a year earlier. Average prices increased in all countries except Finland, with the strongest growth recorded in Hungary, at 21.1%. Significant increases of over 10% were also observed in several countries that joined the EU in 2004 or later, as well as in Spain and Portugal. Among the Visegrad countries, prices rose by 13.4% in Slovakia,10.8% in Czechia, and 4.0% in Poland.
Compared to the previous (Q2 2025) quarter, price levels in Hungary increased by 3.1%.
In its November 2025 Housing Market Report the MNB (the central bank of Hungary) projected that nominal housing prices could increase by close to 29% for the year as a whole. This rise may be supported by the Otthon Start Program, which aims to assist first-time home buyers, as higher demand without a rapid adjustment in housing supply tends to push prices upward.
| Territorial units | Change compared to the previous period, % | Change compared to the same period in the previous year, % |
|---|---|---|
| European Union average | 1.6 | 5.5 |
| Euro area | 1.6 | 5.1 |
| Austria | 1.6 | 2.7 |
| Belgium | 2.4 | 3.7 |
| Bulgaria | 3.8 | 15.4 |
| Croatia | 2.9 | 13.8 |
| Cyprus | –0.3 | 0.1 |
| Czechia | 2.5 | 10.8 |
| Denmark | 2.5 | 6.8 |
| Estonia | –0.8 | 5.2 |
| Finland | –2.2 | –3.1 |
| France | 1.6 | 0.7 |
| Germany | 1.0 | 3.3 |
| Hungary | 3.1 | 21.1 |
| Ireland | 2.6 | 7.5 |
| Italy | 0.6 | 3.8 |
| Latvia | 5.2 | 8.4 |
| Lithuania | 2.9 | 10.8 |
| Luxembourg | –3.1 | 1.2 |
| Malta | 1.6 | 5.7 |
| Netherlands | 2.0 | 7.7 |
| Poland | 0.9 | 4.0 |
| Portugal | 4.1 | 17.7 |
| Romania | 2.3 | 6.6 |
| Slovakia | 4.9 | 13.4 |
| Slovenia | –1.1 | 2.7 |
| Spain | 2.9 | 12.8 |
| Sweden | 0.5 | 0.5 |
Data of Greece was not available.