
What is happening to real estate prices in the EU
- In less than 10 years, between 2015 and 2023, house prices in the EU rose on average by 48%.
- The biggest increase is marked in Hungary, where prices rose 173%, and the lowest in Finland, with just 5%. Bulgaria: +86.6%
- The main reasons contributing to the rise in prices are higher building costs and mortgage rates, a decrease in construction that limited supply and the rise in the purchase of properties as an investment to generate additional income.
*Source: Eurostat. Data is based on the House Price Index. (Index value = 100)