House prices, including purchases of both new-build and existing houses and flats, have fluctuated significantly since 2006. Annual growth rates in the EU were around 8 % in 2006 and 2007, followed by a fall of 4 % in 2009 as a result of the financial crisis. Prices started growing again in 2014.

Overall, house prices rose 11 % in the EU between 2010 and 2017 and 6 % in the euro area. Among the Member States, the highest increases during this period were recorded in Estonia (+73 %), Sweden (+56 %), Austria (+49 %), Latvia (+47 %) and Luxembourg (+40 %), and the largest decreases in Spain (-17 %), Italy (-15 %) and Cyprus (-9 %).

Do you want to know more about how the housing market and a wide range of other economic issues have changed since the start of the millennium? Then take a look at the new digital publication The European economy since the start of the millennium!

To contact us: estat-user-support@ec.europa.eu.