European House Prices Surge by 9.2% in Q3 2021. Eurozone Prices Jump 8.8%

Source: Eurostat

House prices across Europe increased by record levels in the last year, as euro area house prices rose by 8.8% in Q3 last year. Euro Stoxx 50 down -1.16%, EUR USD down -0.11%

• Data from Eurostat revealed that the cost of homes in European countries rose 8.8% in the third quarter of 2021 compared to the same period last year. The figure is the highest yearly increase since Eurostat started recording prices in 2005.
• Compared with Q2 of 2021, house prices increased by 3.3%. Amongst EU countries, the highest increases were posted in the Czech Republic (+7.3%), the Netherlands (+5.9%), Lithuania (+5.4%), and Ireland (+5.1%).
• All EU countries posted an annual increase in houses in the third quarter and, for 50% of them, this increase was by over 10%.
• On a quarterly basis, home costs increased by 3.3% within the eurozone and 3.1% within the EU in Q3 of 2021.
• Czechia posted the highest increase in house prices of 22.0%, followed by Lithuania 18.9%, Estonia 17.3%, and the Netherlands 16.8%.