EU housing prices rose on average 15% over an 8-year period, albeit with wide fluctuations. Despite Luxembourg ranking high, it wasn’t the member state to experience the largest increase.
According to the latest Eurostat figures, which gauged the prices of new and existing homes and flats in 2010-18, Luxembourg experienced the fifth highest increase of the member states overall, at +50%.
Estonia saw the largest increase at +83%, followed by Latvia (+61%), Austria (+56%), and Sweden (+55%).
Alternatively, the member state which saw the greatest decrease was Cyprus (-8%), followed closely by Spain and Italy, at -12% and -17%, respectively.