When comparing the first quarter of 2023 with 2010, house prices increased more than rents in 18 EU countries.
Over this period, house prices increased in 24 EU countries and decreased in three. They more than doubled in Estonia (+200%), Hungary (+180%), Lithuania (+146%), Latvia (+132%), Luxembourg (+126%), Czechia (+123%) and Austria (+122%). Decreases were observed in Greece (-14%), Italy (-9%) and Cyprus (-2%).
For rents, prices increased in 26 EU countries and decreased in one, with the highest rises in Estonia (+212%) and Lithuania (+165%). The only decrease was recorded in Greece (-22%).
It’s almost scary how true it is. We were planning to buy an apartment here with my wife in the future, but now thinking about just moving to a different country for a decent living. Sounds extreme (the hardest part is leaving all the friends and family behind), but we really want to live like normal human beings. Thanks to remote job for the opportunity.