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  1. Economy33 countries

    Europe: housing outpaces other prices — dearer than in 2015 in 29 of 33 countries

    Hungary115%Portugal114%Netherlands60%Greece48%Spain42%Germany18%Cyprus17%How much housing rose above inflation, 2015 to 2025

    After inflation, prices more than doubled in Hungary and Portugal (+115% and +114%), rose 60% in the Netherlands and 48% in Greece. Clearly cheaper only in Finland (−19%) and Italy (−5%).

    Source: Bank for International Settlements: real residential property pricesOpen on the chart →
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    Housing prices rise faster than everything else people buy. Over ten years a flat in most of Europe got dearer not only in euros but against other goods too.

    Each bar: how many percent the real price of housing in 2025 is above 2015. Real: after general inflation.

    Bank for International Settlements (BIS), residential property price indices, real (deflated by consumer prices), annual average of the available quarters. 33 European countries with data for both years; "dearer" means by more than 0.5%, "clearly cheaper" by more than 2%.

    About flat: Romania and Sweden. Spain +42%, Cyprus +17%, Germany +18%. The index is about prices, not incomes: what a family can afford also depends on wages and mortgage rates.

    A question for this picture

    And when do young people leave home? In seven European countries, after 30 on average.

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