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EU: Increasing in housing prices – increasing pressure on the affordable housing

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date
21-01-2019

On 18 January, Eurostat has released the data for Housing Price Index for the third quarter of 2018, which shows an increase in pricing in EU member countries. Compared to the same quarter in 2017, there was an increase of 4.3% in housing prices. This creates a pressure on the affordable housing in cities.

Among the EU state members, Slovenia, the Netherlands and Ireland are the countries that have recorded the highest annual increases in house prices in the third quarter of 2018, with +15.1%, +10.2% and +9.1%. Find more data here.

 About the Housing Price Index (HPI)
 
The Housing Price Index (HPI), measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners.
 
The Urban Agenda for EU - Partnership on Housing has analysed the HPI and recommended to improve the diversity of affordable housing tenures reflected in the indicator, in order to ensure that the European Semester process takes into consideration all housing tenures, including the rental market in the social/public, cooperative and private sector.

EUROCITIES staff contact

Patricia Couti
patricia.couti@eurocities.eu