The latest Eurostat data shows a steep rise in house prices in some eastern European countries, as well as a general growth across the bloc of 2.9%.
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00:00House prices across the EU keep rising with several countries in the former Soviet Union leading
00:14Compared to the second quarter of
00:172023 the five countries with the biggest increase are Poland, Bulgaria, Lithuania
00:24Croatia and Hungary
00:26Across the EU as a whole house prices rose
00:312.9%
00:33However, there are also a few places where buying has become less expensive
00:40compared to the year before
00:43such as Luxembourg
00:46minus 8.3%
00:47Finland minus
00:494.8%
00:51France minus
00:534.6% and Germany
00:56minus 2.6%
00:59Well, like house prices rents are on the rise with an extra 3%
01:05compared to last year's second quarter EU wide
01:10But there's a difference in the way renting and buying is becoming more expensive
01:17While the cost of renting has experienced a slow and steady growth over the past decade
01:23Buying has gone up by around 50%