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REAL ESTATE PRICES IN THE EU
Explosive rise in house prices in the EU: Spain compared to neighbouring countries
House prices in the EU have risen sharply in recent years, with an average increase of 48% between 2015 and 2023. Spain experienced a similar 47.8% increase, but in just two years (2023-2025), indicating a rapid escalation.
Hungary saw the strongest price increase (+172.5%), followed by Portugal (+105.8%). The Netherlands saw an 83.3% increase, while Belgium remained below the EU average at 36.1%.
The housing crisis is caused by rising construction costs, a shortage of new homes and high demand, partly due to foreign investment. In Spain, 1.5 million households want to buy, but only 90,000 new homes are built every year.
Other countries, such as Austria, have taken effective measures, while Spain lags behind. Without action, affordable housing remains a major problem, with social and economic consequences.
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