Between 2015 and 2023, house prices in the European Union increased by an average of 48%, according to a recent analysis by the European Parliament.
Hungary recorded the most significant rise, with a staggering 173% increase in house prices, while Finland saw the smallest growth, with just a 5% uptick.
The steepest annual increase in Hungary occurred between 2021 and 2022, with prices surging by 46%, followed by a nearly 20% rise between 2022 and 2023, attributed to inflationary pressures on the Hungarian economy.
The report concludes that Hungary’s property prices are expected to continue rising this year.