Residential real estate: variation in prices in European countries
21 Ιουλίου 2017
Eurostat, the European statistics institute, carried out a study to determine the variations in real estate purchase prices since the economic crash of 2008.
It shows that Malta is where the prices are the highest, reporting a rise of 6.1%. Sweden reported +5.8%, Latvia +5.6% and Luxembourg +5.3%.
Romania reported the greatest decrease at -9%, followed by Portugal at -2.9% and Hungary at -1.6%.
In countries neighboring the Grand Duchy of Luxembourg, France reported a rise of 3.6%, Belgium 2.8% and Germany 0.2%.
The study did not include the initial price of real estate prices in each country, which could lead us to believe that the higher the homes were at the start, the less change they will experience. Yet it's certainly the economic status of each country that has the most influence on these statistics.
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