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Rents up by 17%, home costs by 45% since 2010 – Products Eurostat News

Rents and home costs within the EU have continued their regular enhance within the first quarter of 2022, going up by 1.4% and 10.5% respectively, in contrast with the primary quarter of 2021. 

This info comes from knowledge on rents and home costs revealed by Eurostat in the present day. The article presents a handful of findings from the extra detailed Statistics Explained article on housing value statistics.


Line graph: House prices and rents in the EU, index levels 2010=100, 2010-Q1 2022

Source datasets: prc_hpi_q and prc_hicp_midx


Between 2010 and the second quarter of 2011, home costs and rents within the EU adopted comparable paths, however because the second quarter of 2011, these paths have diverged considerably. While rents elevated steadily all through the interval as much as the primary quarter of 2022, home costs have fluctuated significantly.

After a pointy decline between the second quarter of 2011 and the primary quarter of 2013, home costs remained kind of secure between 2013 and 2014. Then, there was a speedy rise in early 2015, since when home costs have elevated at a a lot sooner tempo than rents.

Over the interval 2010 till the primary quarter of 2022, rents elevated by 17% and home costs by 45%. 

Since 2010, home costs greater than doubled in Estonia, Hungary, Luxembourg, Czechia, Latvia, Lithuania and Austria 

When evaluating the primary quarter of 2022 with 2010, home costs elevated greater than rents in 19 EU Member States. 

Bar chart: Changes between 2010 and Q1 2022 (%)

Source datasets: prc_hpi_a, prc_hpi_q, tipsho20, prc_hicp_aind, prc_hicp_midx


House costs elevated in 24 EU Member States and decreased in three, with the best rises in Estonia (+174%), Hungary (+152%) and Luxembourg (+131%). Decreases have been noticed in Greece (-23%, see notes), Italy (-10%) and Cyprus (-8%).

When evaluating the primary quarter of 2022 with 2010 for rents, costs elevated in 25 EU Member States and decreased in two, with the best rises in Estonia (+177%), Lithuania (+127%) and Ireland (+77%). Decreases have been recorded in Greece (-25%) and Cyprus (-1%).


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Methodological notes:


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