Paperjam.lu

 

Eurostat data published on Wednesday show that in the same timeframe, across the member states housing prices on average went up by 25%, while rents rose by 14.2%.

Topping the list for housing price hikes during that timespan was Estonia (100.5%), followed by Luxembourg, Latvia (+77.3%) and Austria (+75.9%). On the other hand, decreases were observed in only four countries, namely Greece (-31%), Italy (-13.2%), Spain (-5.6%) and Cyprus (-3%). 

Luxembourg also saw the highest quarterly and annual increases among the EU27, at +4.4% (Q1 to Q2 2020) and +13.3%, respectively. 

In its report, Eurostat added that although house prices and rents followed a similar path between 2010 and Q2 2011, this was no longer the case as of Q3 2011, which saw substantial fluctuations in housing prices while rents steadily rose.