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Hungary sees EU’s highest annual increase in house prices

New data from Eurostat, the European Commission’s statistics directorate, has revealed that the highest annual increases in house prices in the second quarter of 2019 were recorded in Hungary.

Compared to the second quarter of 2018, Hungarian house prices rose by more than 14 per cent. The second biggest rise in the EU was seen in Luxembourg (10.4 per cent), followed by Croatia (10.1 per cent).

There were healthy increases in property prices across the emerging Europe region, including nine per cent in Latvia, 8.7 per cent in the Czech Republic, 8.3 per cent in Slovakia and 8.2 per cent in Poland.

The only country in the region where prices appear to be stagnating is Romania, where the year-on-year increase in prices was just 1.8 per cent, down from 3.3 per cent in the first quarter of 2019.