Residential property prices and rents rise across the European Union

According to Eurostat data, residential property prices in the European Union increased by 5.7% in the first quarter of 2025 year-on-year, and by 1.4% quarter-on-quarter. Rents also saw a rise, increasing by 3.2% annually and 0.9% quarterly. Trends vary significantly by region, with Hungary reporting the highest annual price growth at 21.2%, followed by Portugal at 18.9%. In Cyprus, property prices have risen by 52.91% between 2015 and the third quarter of 2025. While this increase is lower than the EU average of 64.9% for the same decade, local reports highlight concerns regarding affordability for average citizens when considering wage levels and the cost of living. The data reflects a broader European trend of rising housing costs, particularly in major cities. Analysts note that these increases impact tenants more heavily than property owners.