Housing crisis: property prices continue to rise in Europe

Brussels – According to data collected and published by Eurostat today (4 July), house prices continue to rise. The latter are reported to have risen by 5.4 per cent in the euro area and 5.7 per cent in the EU in the last quarter alone.

In the first quarter of 2025, only Finland had a figure suggesting a slight fall in prices, at -1.9 per cent, while the most significant growths were in Portugal (+16.3 per cent), Bulgaria (+15.1 per cent), and Croatia (+13.1 per cent). In the previous quarter, the largest declines in property prices were -2 per cent for Slovenia, -1.2 per cent for Luxembourg, and -1 per cent for Finland, while the largest increases were observed in Hungary (+5.2 per cent), Portugal (+4.8 per cent), and Croatia (+4.5 per cent).

At the beginning of the year, in January, the emergence of unaffordable house prices prompted the European Parliament to set up a special commission to address the issue, headed by MEP Irene Tinagli of the PD. This decision followed another worrying piece of data that Eurostat itself had picked up: the increase in house prices in the EU from 2010 to 2025, which would amount to 52 per cent (and 25 per cent for rents).

These figures, which are still not encouraging, confirm the need to tackle the housing crisis

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