Europe: House Price Changes, 1 Year (%)

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AustriaPrice change for period ending Q1 2009   4.36%
BelgiumPrice change for period ending 2008   6.29%
BulgariaPrice change for period ending Q2 2009   -21.89%
CyprusPrice change for period ending Q1 2009   -1.90%
DenmarkPrice change for period ending Q2 2009   -11.43%
EstoniaPrice change for period ending Q1 2009   -30.80%
FinlandPrice change for period ending Q1 2009   -2.92%
FrancePrice change for period ending Q2 2009   -6.63%
GermanyPrice change for period ending 2008   1.21%
GreecePrice change for period ending Q1 2009   -2.52%
IcelandPrice change for period ending Q2 2009   -11.01%
IrelandPrice change for period ending Q2 2009   -11.08%
ItalyPrice change for period ending H1 2009   3.05%
LatviaPrice change for period ending Q2 2009   -60.19%
LithuaniaPrice change for period ending Q4 2008   -20.06%
MaltaPrice change for period ending Q1 2009   -9.84%
NetherlandsPrice change for period ending Q1 2009   -0.30%
NorwayPrice change for period ending Q2 2009   1.52%
PolandPrice change for period ending Q2 2009   -6.15%
PortugalPrice change for period ending Q2 2009   -1.52%
SpainPrice change for period ending Q2 2009   -8.35%
SwedenPrice change for period ending Q2 2009   -2.03%
SwitzerlandPrice change for period ending Q2 2009   4.11%
UKPrice change for period ending Q2 2009   -11.72%
UkrainePrice change for period ending Q2 2009   -26.60%

 

 

Europe: Price changes, 1 year (%)

The annual (year-on-year) percentage change in house prices (or the house price index) using the latest data available, not adjusted for inflation.


Source: Various sources

 

European statistics. European house price and other economic statistics vary in quality. It is often a surprise to non-Europeans to discover that swathes of this rich, highly developed continent are not covered by good housing statistics.

Northern European countries have generally good house price time-series. In particular, all the Scandinavian countries generate excellent house price statistics. In the Baltics the situation is improving rapidly. Latvia generates an official annual house price time-series, and the realtor Latio publishes a monthly index. Lithuania has no official house price or rents time-series, but the firm Inreal publishes annual prices and rents for Vilnius for a few years. Estonia has high-quality housing statistics, generated by the Statistical Office of Estonia (SOE). Data on house prices, house sales and construction activities, as well as general economics statistics are all available from the SOE.

Central Europe is mixed. German house price statistics are weak. France has very good statistics, the Netherlands has good data, Belgium and Austria have acceptable data. Spain has made giant strides, Portugal is weaker.

Southern Europe tends to have weak statistical data. There is a particular lack of housing statistics in Italy, Greece, and Turkey (though Italy has some private, for-sale, data generators).

Statistics in Eastern Europe are weak. Efforts are being made to change this, for instance Bulgaria began publishing a house price time-series in 2006. Aside from this, the Czech Republic has an official index, and in Poland, REAS Konsulting produces a for-sale index.