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Trends on Europe's property market

In: CNB Global Economic Outlook - January 2025

Author

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  • Lubos Komarek
  • Petr Polak

Abstract

The article covers property market trends in selected European countries from the start of the new millennium. We look at the property market from the perspective of property prices in both nominal and real terms. We supplement this view by analysing property price ratios relative to trends in rents and income. Overall, these enable us to make a deeper comparison and assessment of property market trends across time and countries. The article also compares the shares of owner-occupied and rental housing in European countries, which vary significantly depending on historical, economic and cultural factors.

Suggested Citation

  • Lubos Komarek & Petr Polak, 2025. "Trends on Europe's property market," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - January 2025, pages 15-19, Czech National Bank, Research and Statistics Department.
    • Handle: RePEc:cnb:ocpubc:geo2025/1
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    File URL: https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/geo/geo_2025/gev_2025_01_en.pdf
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