Where are house prices rising fastest in the EU — and why? - video Dailymotion

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%.

Transcript

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%