House prices increased by 5.1% in the eurozone and 5.4% across the European Union in the second quarter compared with the same period last year, Eurostat reported at the start of October 2025. Portugal saw the sharpest rise at 17.2%. On a quarterly basis, prices grew by 1.6% in the eurozone and 1.7% in the EU. Between 2010 and 2025, house prices in Portugal more than doubled, rising by 141%.
Among EU member states, Finland was the only country to see a year-on-year fall in house prices in Q2 2025 (-1.3%), while Portugal (17.2%) had the largest increase, followed by Bulgaria (15.5%) and Hungary (15.1%).
Looking at the change from the first quarter of the year, Portugal also recorded the highest growth in house prices (4.7%), ahead of Luxembourg (4.5%) and Croatia (4.4%).
House purchase prices have outpaced rents since 2010
In another report, Eurostat notes that between 2010 and 2025, house prices more than tripled in Hungary (277%) and Estonia (250%).
House prices doubled or more than doubled in ten EU countries: Lithuania (202%), Latvia (162%), the Czech Republic (155%), Portugal (141%), Bulgaria (133%), Austria (117%), Luxembourg (112%), Slovakia (105%), Poland (104%) and Croatia (102%). Italy was the only country to see a decline (-1%).
By contrast, rents in the EU rose by 3.2% in Q2 compared with the same period last year, and by 0.7% compared with the first quarter.
Since 2010, house prices have increased more than rents in 21 of the 26 EU countries for which data is available. Over the same period, rents rose in 26 EU countries, with the largest increases in Estonia (218%), Lithuania (192%), Hungary (125%) and Ireland (117%). Greece was the only country where rents fell (-9%).
In 2024, Hungary saw the largest year-on-year rise in rents (12.4%), followed by Romania (11.1%) and Malta (8.9%), with Portugal ranking fifth (7.0%).
Between 2010 and Q2 2025, house prices in the EU rose by 60.5%, while rents increased by 28.8%.