Property prices in the EU increased by 48% between 2010 and 2023, while housing costs, including utilities, rose significantly in some member states, according to the latest Eurostat report on housing in Europe.
Irish citizens faced the highest housing costs, including water, electricity, and gas, in 2023, which were double the EU average, Eurostat states.
The second most expensive place was Luxembourg (86% above the EU average), followed by Denmark (80% above the average) last year.
On the other hand, people in Bulgaria and Poland had the lowest housing costs in the EU, with prices 61% and 56% below the EU average, respectively.
Looking at price trends, Eurostat reports that housing costs in Ireland rose from 17% above the EU average in 2010 to 101% above the average in 2023, effectively doubling.
Housing costs increased in 17 member states during the same period, while they decreased in 9 countries, including Greece, Cyprus, and Spain. Housing costs in Poland remained unchanged.