Europe: House Price Changes, 5 Yrs (%)

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AustriaPrice change for period ending Q1 2008   23.93%
BelgiumPrice change for period ending 2007   63.10%
DenmarkPrice change for period ending Q4 2007   63.75%
EstoniaPrice change for period ending Q1 2008   180.90%
FinlandPrice change for period ending Q1 2008   36.50%
FrancePrice change for period ending Q1 2008   49.97%
GermanyPrice change for period ending 2007   1.34%
GreecePrice change for period ending Q1 2008   44.31%
IrelandPrice change for period ending Mar 2008   33.16%
ItalyPrice change for period ending H2 2007   47.46%
MaltaPrice change for period ending Q1 2007   44.19%
NetherlandsPrice change for period ending Q1 2008   20.91%
NorwayPrice change for period ending Q1 2008   54.85%
PolandPrice change for period ending 2007   128.80%
PortugalPrice change for period ending Q1 2008   13.17%
SpainPrice change for period ending Q1 2008   70.77%
SwedenPrice change for period ending Q1 2008   55.77%
SwitzerlandPrice change for period ending Q1 2008   17.03%
UKPrice change for period ending Q1 2008   49.55%

 

 

Europe: Price changes, 5 years (%)

The percentage changes in house prices (or the house price index) over 5 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.