When comparing the first quarter of 2023 with 2010, house prices increased more than rents in 18 EU countries.
Over this period, house prices increased in 24 EU countries and decreased in three. They more than doubled in Estonia (+200%), Hungary (+180%), Lithuania (+146%), Latvia (+132%), Luxembourg (+126%), Czechia (+123%) and Austria (+122%). Decreases were observed in Greece (-14%), Italy (-9%) and Cyprus (-2%).
For rents, prices increased in 26 EU countries and decreased in one, with the highest rises in Estonia (+212%) and Lithuania (+165%). The only decrease was recorded in Greece (-22%).
The house prices decreased in Italy? I don’t think so. I followed the market for more than two years and I can see an increase.