Rankings of European House Prices Index, last quarter of 2022
Real estate markets across Europe experienced mixed performance in the last quarter of 2022. Croatia topped the list with a robust growth rate of 4.7%, followed by Romania at 2.5% and Ireland at 1.2%.
Portugal and Malta also recorded positive growth rates at 1.1% and 0.7% respectively. Meanwhile, Italy‘s real estate market remained stagnant with no growth recorded during the period.
Several countries witnessed a decline in real estate growth, with Belgium, France, Austria, and Spain experiencing a decrease in growth rates at -0.4%, -0.5%, -0.6%, and -0.8% respectively.
Eurostat Real Estate price Quarterly evolution to Dec 2022
Luxembourg and the Netherlands saw a significant decline in real estate growth rates at -1.4% and -2.6% respectively. Finland and Sweden also experienced a notable decline in growth rates at -3.4% and -3.6% respectively.
The real estate market in Cyprus experienced the most significant decline, with a negative growth rate of -4.0%. Finally, Germany and Denmark witnessed a sharp decline in real estate growth rates, recording -5.0% and -6.5% respectively.
Overall, the real estate market in Europe experienced mixed fortunes in the last quarter of 2022, with some countries recording growth while others experienced a decline in growth rates.
