According to the latest data published by Eurostat, housing prices in the countries of the European Union rose by 5.5% year-on-year in the last quarter of 2025. At the same time, in the euro area this figure, compared with the same period of the previous year, stood at 5.2%. In both cases, the EU average was significantly lower than the growth in prices in Spain (12.9%).
Growth in housing prices in Spain accelerated by 0.1% compared with the two previous quarters and was the most significant since the first quarter of 2007. In addition, for three consecutive years Spain has substantially outperformed the average growth in real estate prices in both the EU-27 and the euro area in every quarter.
Countries with the most notable price growth
Among the countries for which data are available, growth was recorded in 25, and in 9 of them it was in double digits.
- The highest year-on-year growth was observed in Hungary (21.2%), Portugal (18.9%) and Croatia (16.1%).
- They were followed by Spain (12.9%), Slovakia (12.8%), Bulgaria (12.6%), Latvia (11%), Lithuania (10.8%) and Czechia (10.4%).
- The most moderate figures were recorded in Sweden (1.2%), France (1%) and Luxembourg (0.1%).
- Finland was the only country where housing prices fell year-on-year in the fourth quarter of 2025 (-3.1%).
Quarterly dynamics
Compared with the previous quarter, prices fell in France (-0.7%), Finland (-0.5%) and Estonia (-0.3%), while the highest growth was recorded in Slovenia (+5.1%), Hungary (+4.2%) and Portugal (+4%). Across the EU, quarterly growth in housing prices reached 0.8%, in the euro area – 0.6%, and in Spain – 1.8%, which is the tenth-highest figure in the ranking.
