Rents in Europe, including short-term, for tourists, as well as housing prices continue to “steadily increase.” At the same time, some countries show colossal growth. Such data was provided by the European statistical data provider Eurostat. Estonia, Hungary, Luxembourg, Latvia, Lithuania, the Czech Republic, and Austria showed the highest data on the rate of growth of rental housing prices.
In the EU as a whole, rents rose by 1.7% year-on-year in the second quarter of 2022, and house prices by 9.9%, according to Eurostat. However, these are average indicators, but there are record holders. The mentioned Estonia, Hungary, Luxembourg, Latvia, Lithuania, Czech Republic, and Austria registered the highest housing prices.
Data from the service shows that housing prices in these countries more than doubled in the second quarter of 2022. The comparison is, however, with 2010. Yes, housing prices in Estonia have increased by almost 200% since then – by 196% to be exact. In Hungary, the increase in prices showed 168%, and in miniature Luxembourg – by 135%. About 130% growth was demonstrated by the prices of some countries of the Russophobic wing, such as Latvia, Lithuania, and the Czech Republic. In Austria, the price increase was 121%.