Apartments in Europe - which country saw prices triple.

For many years, buying and renting property in Europe has been rapidly becoming more expensive. In the first quarter of 2025, housing prices increased by an average of 5.7% year-on-year, while rents rose by 3.2%. Compared to the previous quarter of 2024, purchase prices jumped by 1.4%, and rental rates increased by 0.9%.

Real estate price growth in the EU

Over the past 15 years, housing prices in the EU have risen by 57.9%, while rents have increased by 27.8%. Some countries have recorded even more impressive increases from +100% to over +250%. Particularly significant price hikes were noted in Central and Eastern Europe.

Where housing prices have tripled

• Hungary: +260% since 2010;
• Estonia: +238%;
• Lithuania: +194%;
• Latvia: +154%;
• Czech Republic: +147%;
• Portugal: +130%;
• Bulgaria: +125%;
• Austria: +113%;
• Poland and Luxembourg: +102% each;
• Slovakia: +100%.

In many of these countries, housing prices have risen more than twice, and in some even tripled. Italy, on the other hand, remains an exception, where housing prices have decreased by 4% since 2010.

Rental price increase

Aside from the rise in property purchase prices, rents have increased in almost all EU countries except Greece. The highest rental increases have been observed in Eastern European countries such as Estonia, Lithuania, Hungary, and Ireland. Greece is the only place where rents have decreased by 11% due to a drop in demand and changing tourist behavior.

Main reasons for price increases

1. Economic inequality between countries.
2. Shortage of housing supply.
3. Inflation and rising construction costs.
4. Low mortgage interest rates.

Trends and prospects

It is forecasted that property prices in Europe will continue to rise, and governments will tighten controls and implement affordable housing programs. For many Ukrainians, housing in Europe remains a strategic asset that continuously appreciates.

Considerations for Ukrainians

Ukrainians planning to stay in Poland or the Czech Republic need to carefully consider the choice between buying and renting property for their financial stability and future plans. Housing prices in different countries should be viewed within the overall market trend context.

The spread of real estate in Europe continues to rise, leading to increases in property purchase and rental prices. Over the past 15 years, there has been a significant rise in housing prices across the EU, as well as a sharp increase in rental costs. Further price increases are expected, so Ukrainians planning to move to Europe must diligently study the real estate market and be aware of accessible trends.