After the trend reversal that marked the end of the continuous price increases since 2015, the easing lasted for a fleeting two quarters in the real estate markets of the European Union before, in the second quarter of 2023, housing prices increased again by 0.3% compared to the previous three months. Meanwhile, rents rose by 0.7%, according to Eurostat.
However, the slight price increase in the last quarter still does not mean real estate prices have reached the level before the trend reversal.
As of the second quarter of 2022, prices are still 1.7% lower in the euro area and 1.1% lower in the European Union as a whole.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
