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Turkey 540.72%
Slovak Rep. 90.75%
Portugal 85.86%
Czech Rep. 83.54%
Russia 80.25%
Lithuania 68.98%
Iceland 67.38%
Estonia 61.78%
Luxembourg 61.03%
Slovenia 56.76%
Netherlands 54.55%
Croatia 52.59%
Poland 49.39%
Germany 46.42%
Hungary 45.64%
Bulgaria 45.25%
Romania 44.50%
Macedonia 43.74%
Austria 42.03%
Greece 40.52%
Ireland 34.23%
Belgium 31.69%
Montenegro 29.66%
France 27.93%
Sweden 26.09%
UK 25.43%
Norway 25.02%
Malta 23.56%
Spain 22.42%
Denmark 21.77%
Latvia 19.43%
Cyprus 12.21%
Finland 10.31%
Switzerland 2.37%
Ukraine 2.10%
Italy -0.27%

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.