Change in housing prices in the European Union Member States, Q4 2025, and year 2025
Released: 22 April 2026
In Q4 2025, housing prices in the European Union were 5.5% higher than a year earlier. Average prices increased in all member states except Finland, with the strongest growth recorded in Hungary, at 21.2%. Significant increases of more than 10% were also observed in several countries that joined the EU in 2004 or later, as well as in Spain and Portugal. Among the Visegrad countries, prices rose by 12.8% in Slovakia, 10.4% in Czechia, and 4.3% in Poland.
Compared with the previous quarter (Q3 2025) , the price level in Hungary increased by 4.2%.
According to MBH Mortgage Bank’s forecast, in 2026 housing prices are expected to rise at a slower pace than the high level seen in the previous year, but still significantly. In the first half of the year, prices may increase by 4–5% per quarter, and in the second half by 1–2% per quarter.
Table 1
Change in housing prices in the European Union Member States, Q4 2025
Territorial units
Change compared to the previous period, %
Change compared to the same period in the previous year, %
European Union average
0.8
5.5
Euro area
0.6
5.2
Austria
0.9
3.7
Belgium
0.5
3.5
Bulgaria
0.3
12.6
Croatia
3.4
16.1
Cyprus
0.0
6.0
Czechia
2.0
10.4
Denmark
1.4
7.6
Estonia
–0.3
5.5
Finland
–0.5
–3.1
France
–0.7
1.0
Germany
0.1
3.0
Hungary
4.2
21.2
Ireland
2.0
7.0
Italy
0.9
4.1
Latvia
1.9
11.0
Lithuania
2.4
10.8
Luxembourg
0.4
0.1
Malta
1.3
6.1
Netherlands
0.6
6.2
Poland
1.5
4.3
Portugal
4.0
18.9
Romania
1.7
6.7
Slovakia
3.1
12.8
Slovenia
5.1
5.8
Spain
1.8
12.9
Sweden
0.4
1.2
Source: Euro indicators. Download date: 7 April 2026.
Data of Greece was not available.
Figure 1
Figure 2
Figure 3
Released: 22 April 2026
In Q4 2025, housing prices in the European Union were 5.5% higher than a year earlier. Average prices increased in all member states except Finland, with the strongest growth recorded in Hungary, at 21.2%. Significant increases of more than 10% were also observed in several countries that joined the EU in 2004 or later, as well as in Spain and Portugal. Among the Visegrad countries, prices rose by 12.8% in Slovakia, 10.4% in Czechia, and 4.3% in Poland.
Compared with the previous quarter (Q3 2025) , the price level in Hungary increased by 4.2%.
According to MBH Mortgage Bank’s forecast, in 2026 housing prices are expected to rise at a slower pace than the high level seen in the previous year, but still significantly. In the first half of the year, prices may increase by 4–5% per quarter, and in the second half by 1–2% per quarter.
| Territorial units | Change compared to the previous period, % | Change compared to the same period in the previous year, % |
|---|---|---|
| European Union average | 0.8 | 5.5 |
| Euro area | 0.6 | 5.2 |
| Austria | 0.9 | 3.7 |
| Belgium | 0.5 | 3.5 |
| Bulgaria | 0.3 | 12.6 |
| Croatia | 3.4 | 16.1 |
| Cyprus | 0.0 | 6.0 |
| Czechia | 2.0 | 10.4 |
| Denmark | 1.4 | 7.6 |
| Estonia | –0.3 | 5.5 |
| Finland | –0.5 | –3.1 |
| France | –0.7 | 1.0 |
| Germany | 0.1 | 3.0 |
| Hungary | 4.2 | 21.2 |
| Ireland | 2.0 | 7.0 |
| Italy | 0.9 | 4.1 |
| Latvia | 1.9 | 11.0 |
| Lithuania | 2.4 | 10.8 |
| Luxembourg | 0.4 | 0.1 |
| Malta | 1.3 | 6.1 |
| Netherlands | 0.6 | 6.2 |
| Poland | 1.5 | 4.3 |
| Portugal | 4.0 | 18.9 |
| Romania | 1.7 | 6.7 |
| Slovakia | 3.1 | 12.8 |
| Slovenia | 5.1 | 5.8 |
| Spain | 1.8 | 12.9 |
| Sweden | 0.4 | 1.2 |
Data of Greece was not available.