House prices have risen by 45%, and rents by 17%, across the EU since 2010, the latest figures released by the EU statistical office Eurostat have revealed.

However, there are major differences among countries. In Austria, house prices have more than doubled (114%) and rents have increased by 45% compared to over a decade ago. In other countries, they have stalled or declined over the same period.

Greece is a notable example, with prices plummeting by 23% and rents by 25% between 2010 and 2021. In Italy, house prices have fallen by 10% since 2010 although like much of the EU they have been rising again in recent years. Rental prices in Italy have registered only a modest increase in the past 12 years, while Spain has recorded very small rises in both rents and house prices (3%) during the same period.

Other major European housing markets that have almost doubled in value since 2010 include Germany (94%), Sweden (92%) and Norway (91%).