Rent in Europe, including short-term, for tourists , as well as housing prices continue to “relentlessly rise”. At the same time, some countries show huge growth. Such data was presented by the European statistical data provider Eurostat. Estonia, Hungary, Luxembourg, Latvia, Lithuania, the Czech Republic and Austria showed the highest data on the rate of growth in rental housing prices
Across the EU, according to Eurostat, in the second quarter of 2022, rents increased by 1 .7% compared to last year, while housing prices by 9.9%. However, these are average figures, but there are also champions. Estonia, Hungary, Luxembourg, Latvia, Lithuania, the Czech Republic and Austria, mentioned above, recorded the highest house prices.
The service data shows that house prices in these countries more than doubled in the second quarter of 2022. The comparison is, however, with 2010. Thus, housing prices in Estonia since that time have grown by almost 200% – more precisely by 196%. In Hungary, the rise in prices showed 168%, in miniature Luxembourg – by 135%. About 130% of the growth was shown by the prices of some countries of the Russophobic wing – such as Latvia, Lithuania and the Czech Republic. In Austria, the price increase was 121%.
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