site.btaBulgaria Sees Highest House Prices Increase in EU in Q3 2024

In the third quarter of 2024, Bulgaria saw the highest increase of house prices among all EU members states (+16.5%), year-on-year, as measured by the House Price Index, according to estimates from Eurostat, the statistical office of the European Union, released on Friday.

In the third quarter of 2024, house prices increased by 2.6% in the euro area and by 3.8% in the EU compared with the same quarter of the previous year. In the second quarter of 2024, house prices increased by 1.4% and 3.0% in the euro area and EU, respectively.

Compared with the second quarter of 2024, house prices increased by 1.4% both in the euro area and in the EU in the third quarter of 2024.

Among the Member States for which data are available, four showed an annual decrease in house prices in the third quarter of 2024, and twenty-two showed an annual increase. The largest falls were registered in France (-3.5%), Finland (-2.8%) and Luxembourg (-1.7%), while the highest increases were recorded in Bulgaria (+16.5%), Poland (+14.4%), Hungary (+13.4%), Croatia (+12.3%) and the Netherlands (+10.3%).

Compared with the previous quarter, prices decreased in two Member States and increased in twenty-four Member States. The falls were registered in Finland (-0.6%) and Estonia (-0.5%), while the highest increases were recorded in Bulgaria (+3.9%), Portugal (+3.7%) and the Netherlands (+3.6%), Eurostat’s press release further said.