House price index (HPI) change in EU-28 2018-2019, by country

The price of residential property (including both newly-constructed as well as existing property) changed in Hungary changed the most of all countries within the European Union, increasing with almost 15 percent between 2018 and 2019. The source measured this by comparing the HPI in the mentioned timeframes. On average, the price of a house within the EU increased by 4.2 percent. Several countries, however, had a higher average. In Luxembourg, Croatia and Portugal, housing prices increased by more than ten percent. An apartment located in the United Kingdom would cost approximately 21,000 euros per square meter as of October 2019, making it one of the most expensive places in Europe for residential property.

The European housing market, or residential real estate, has recently shown clear signs of recovery, with an increasing house price being the main trend. Eight years after the financial crisis, the majority of property markets in Europe have gained momentum with only a few still on the mend or lagging behind. For example, between the start of 2014 and the end of 2015, Romania and Portugal were among the countries which experienced an increase in housing prices, whilst the prices in Slovenia and Italy decreased.

Percentage change on previous year of residential property prices in the EU-28 countries between 2nd quarter 2018 and 2nd quarter 2019

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Release date

October 2019



Survey time period

Q2 2019

Special properties

The numbers shown concern changes to the house price index. Index value 2015 equals 100. The year 2015 is the base year used to calculate the index value.

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