Growth and Decline of Housing Prices in Europe: Q4 2022 Results
If you are considering buying property abroad, you need to know which European countries showed the highest growth in housing prices in Q4 2022. According to Eurostat, seven countries had an annual price growth rate exceeding 10%: Croatia, Estonia, Hungary, Lithuania, Bulgaria, Portugal, and Slovenia.
The following table shows the data on price changes in these countries:
| Country | Housing Price Change Over Year (4th Quarter 2021 to 4th Quarter 2024) |
|---|---|
| Croatia | +17.3% |
| Estonia | +16.9% |
| Hungary | +16.5% |
| Lithuania | +16.0% |
| Bulgaria | +13.4% |
| Portugal | +11.3% |
| Slovenia | +11.3% |
These data indicate that Croatia is the leader in housing price growth in Europe, followed by Estonia and Hungary in second and third place, respectively.
Real Estate in Europe: Where Housing Became Cheaper
While some European countries showed record growth in housing prices, others experienced a decline. According to Eurostat, four countries had the most significant decrease in prices in Q4 2022: Denmark, Sweden, Germany, and Finland.
The following table shows the data on price changes in these countries:
| Country | Housing Price Change Over Year (4th Quarter 2021 to 4th Quarter 2024) |
|---|---|
| Denmark | -6.5% |
| Sweden | -3.7% |
| Germany | -3.6% |
| Finland | -2.3% |
