Real Estate

Real estate prices have become more expensive in these EU countries

The real estate market in Poland is booming. According to Eurostat, houses rose by an average of 11.3 percent in the first quarter of 2020 – twice as much as the EU-wide average.

imago images / Westend61

For many investors, real estate is crisis-proof. How lucrative this form of investment is became particularly evident after the financial crisis of 2018. The high demand for residential and office space in metropolitan areas has recently led to ever increasing prices. The corona crisis threatens to become a painful cut. Experts predict that rental income will fall drastically, especially for office space.

In the case of residential property, however, there are no signs of a slump yet. In the first quarter of 2020, almost all member states of the European Union recorded rising house prices, some in the double-digit percentage range. Across the EU, the Eurostat statistical office recorded an increase of 5.5 percent compared to the same quarter of the previous year.

In these EU countries, houses have become the most expensive so far in 2020.

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