Rankings of the European House Prices Index over the last year to December 2022
Over the past year, up until the end of December 2022, real estate markets across Europe have experienced varying degrees of growth and decline. The following ranking highlights the evolution of these markets, showcasing each country’s performance:
The outperforming markets were
- Croatia: Topping the list with an impressive 17.3% growth, Croatia has been a real standout in the real estate market.
- Portugal: With a strong showing, Portugal experienced an 11.3% increase in real estate values.
- Ireland: Holding a solid third place, Ireland’s market grew by 8.7%.
- Austria: Following closely behind, Austria saw a 7.9% expansion in its real estate market.
- Romania: With a respectable 6.8% growth, Romania’s property market has been on the rise.
- Malta: The small island nation of Malta experienced a 5.9% increase in its real estate values.
- Luxembourg: The affluent country of Luxembourg saw its market grow by 5.6%.
- Spain: Coming in at an eighth place, Spain’s real estate market experienced a 5.5% growth.
- Netherlands: The Dutch property market grew modestly, with a 5.3% increase.
- France: With a 4.9% expansion, France’s real estate market demonstrated moderate growth.
- Belgium: Belgium’s market experienced a 4.7% growth in the past year.
- Cyprus: The Mediterranean island of Cyprus saw a 4.4% increase in property values.
- Italy: With a modest 2.8% growth, Italy’s real estate market showed signs of a slow upturn.
Eurostat Real Estate price Yearly evolution to Dec 2022
Unfortunately, not all European countries experienced growth in their real estate markets. The following countries faced declines over the past year
- Finland: The Finnish market experienced a 2.3% decrease in real estate values.
- Germany: With a 3.6% decline, Germany’s property market took a slight downturn.
- Sweden: The Swedish real estate market faced a 3.7% decrease in values.
- Denmark: Experiencing the largest decline, Denmark’s market saw a significant 6.5% drop in property values.
This ranking offers an insightful overview of the European real estate market’s performance over the past year, highlighting both the flourishing and struggling markets across the continent.
