House Price Growth in Europe by Country (2025)
Annual house price growth across 28 European countries in 2025: Hungary fastest at 18.3%, Finland the only decline at -2.3%. Eurostat house price index.
Data
| # | Country | % annual change | Change vs 2024 |
|---|---|---|---|
| 1 | Hungary | 18.3 | +4.6pp |
| 2 | Portugal | 17.6 | +8.5pp |
| 3 | Bulgaria | 14.6 | -1.9pp |
| 4 | Croatia | 13.9 | +3.5pp |
| 5 | Spain | 12.7 | +4.2pp |
| 6 | Slovakia | 12.4 | +8.6pp |
| 7 | Czechia | 10.4 | +5.4pp |
| 8 | Lithuania | 9.8 | +0.1pp |
| 9 | Netherlands | 8.5 | +0.3pp |
| 10 | Latvia | 7.6 | +3.4pp |
| 11 | Ireland | 7.5 | -1pp |
| 12 | Denmark | 7.5 | +4pp |
| 13 | Slovenia | 7.3 | -0.2pp |
| 14 | Malta | 6 | -0.7pp |
| 15 | Romania | 5.7 | +0.7pp |
| 16 | Norway | 5.7 | +2.1pp |
| 17 | Estonia | 5.2 | -0.9pp |
| 18 | Iceland | 5.1 | -3pp |
| 19 | Poland | 4.9 | -10.1pp |
| 20 | Cyprus | 4.5 | -2.8pp |
| 21 | Italy | 4 | +0.9pp |
| 22 | Germany | 3.2 | +4.7pp |
| 23 | Belgium | 3.2 | unchanged |
| 24 | Austria | 2.6 | +3pp |
| 25 | Luxembourg | 1.6 | +6.8pp |
| 26 | Sweden | 1 | +1pp |
| 27 | France | 0.7 | +4.4pp |
| 28 | Finland | -2.3 | +0.8pp |
About this Dataset
House prices rose 18.3% in Hungary in 2025 and fell 2.3% in Finland. The panel average of 7.2% is +1.8pp on 2024 — European housing markets have re-accelerated after the rate-driven pause of 2023.
Nominal growth is not real growth. Against inflation of roughly 2–3% in most of these countries, a nominal rise below that is a real decline, which puts more of this table in negative territory than the headline numbers suggest.
The fast end is concentrated in two groups: central and south-eastern Europe, where Hungary, Bulgaria and Croatia lead on strong nominal wage growth against tight supply; and Iberia, where Portugal at 17.6% and Spain at 12.7% combine domestic demand with foreign buyers in the coastal and metropolitan markets. The large western European markets are subdued by comparison, at 0.7% in France, 3.2% in Germany and 1.0% in Sweden. All three had sharper corrections in 2023 and have recovered more slowly.
Every row is the figure published for 2025; no value is carried over from an adjacent year to fill a gap. Turkey has not published a 2025 figure and is left out rather than carried forward from an older year. The chart tracks a fixed panel of 27 countries: those reporting in every year from 2011. The line therefore moves because the countries moved, not because the sample changed. The index covers purchases of new and existing dwellings by households and is quality-adjusted, so it is not the same as the average transaction price.
Country pages: Hungary · Portugal · Bulgaria · Croatia · Spain · Slovakia · Czechia · Lithuania · Netherlands · Latvia · Ireland · Denmark · Slovenia · Malta · Romania · Norway · Estonia · Iceland · Poland · Cyprus · Italy · Germany · Belgium · Austria · Luxembourg · Sweden · France · Finland