Europe: House Price Changes, 10 Years (%)

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AustriaPrice change for period ending Q1 2008   19.40%
BelgiumPrice change for period ending 2007   121.97%
DenmarkPrice change for period ending Q4 2007   118.68%
EstoniaPrice change for period ending Q1 2008   431.91%
FinlandPrice change for period ending Q1 2008   79.46%
GermanyPrice change for period ending 2007   2.66%
GreecePrice change for period ending Q1 2008   114.93%
IrelandPrice change for period ending Mar 2008   187.25%
ItalyPrice change for period ending H2 2007   101.79%
NetherlandsPrice change for period ending Q1 2008   93.80%
NorwayPrice change for period ending Q1 2008   133.51%
SpainPrice change for period ending Q1 2008   189.23%
SwedenPrice change for period ending Q1 2008   134.78%
SwitzerlandPrice change for period ending Q1 2008   23.11%
UKPrice change for period ending Q1 2008   185.14%

 

 

Europe: Price changes, 10 years (%)

The percentage changes in house prices (or the house price index) over 10 years 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.