New official data reveals notable trends in house prices and rents across the European Union, with variations evident throughout the region. In the third quarter of 2023, both house prices and rents in Europe saw a collective increase of 0.8% compared to the second quarter of the same year, as reported by Eurostat. This reflects a 3.0% rise in rents compared to the third quarter of 2022. However, house prices experienced a -1.0% decrease during the same period.

Examining the broader timeframe from 2010 to the third quarter of 2023, there was a substantial 48% surge in house prices and a 22% increase in rents across Europe. Throughout this period, European housing markets underwent significant changes.