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European Real Estate Index (EREI) 2026. A near-real-time European Real Estate Index EREI: Monthly listing prices and rents for residential real estate

Author

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  • Koetter, Michael
  • Noth, Felix
  • Wöbbeking, Carl Fabian

Abstract

Real estate is a capstone connection between various economic agents and markets. It is the main store of household wealth, serves as collateral for mortgage loans in the banking system, aids the transmission of monetary policy, and can propagate financial crises when overvalued. Yet comparable house-price data across the European Union (EU) and the euro area is unavailable, which hinders the design and evaluation of common monetary and economic policy that operates across heterogeneous housing markets. We derive monthly subnational European Real Estate Indicators (EREI) from online residential property advertisements in 16 European countries. The release covers April 2024 to June 2026 and contains 48,168 region-month-segment observations for 1,154 NUTS 3 regions, aggregating more than 43 million listing observations across the monthly sale and rental cross-sections. Each region-month segment reports the number of advertisements and summary statistics for asking prices per square meter and listing durations. The release also includes sale-segment indices for Europe, the euro area, and individual countries. Thirteen covered countries are EU members, which represented 85% of EU-27 gross domestic product in 2024. EREI data support research on a wide range of socio-economic phenomena associated with real estate dynamics, such as the evaluation of monetary policy or macroprudential policy effects on financial stability.

Suggested Citation

  • Koetter, Michael & Noth, Felix & Wöbbeking, Carl Fabian, 2026. "European Real Estate Index (EREI) 2026. A near-real-time European Real Estate Index EREI: Monthly listing prices and rents for residential real estate," IWH Technical Reports 2/2026, Halle Institute for Economic Research (IWH).
    • Handle: RePEc:zbw:iwhtrp:343585
    DOI: 10.18717/tr17-wa29
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    References listed on IDEAS

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    1. Blatnik, Nina & Bobasu, Alina & Krustev, Georgi & Tujula, Mika, 2024. "Introducing the Distributional Wealth Accounts for euro area households," Economic Bulletin Articles, European Central Bank, vol. 5.
    2. Ryan, Ellen & Jarmulska, Barbara & De Nora, Giorgia & Fontana, Adele & Horan, Aoife & Lang, Jan Hannes & Lo Duca, Marco & Moldovan, Claudiu & Rusnák, Marek, 2023. "Real estate markets in an environment of high financing costs," Financial Stability Review, European Central Bank, vol. 2.
    3. Baptista, Pedro & Dossche, Maarten & Hannon, Andrew & Henricot, Dorian & Kouvavas, Omiros & Malacrino, Davide & Zimmermann, Larissa, 2025. "The transmission of monetary policy: from mortgage rates to consumption," Economic Bulletin Articles, European Central Bank, vol. 4.
    4. Michele Loberto & Andrea Luciani & Marco Pangallo, 2022. "What Do Online Listings Tell Us about the Housing Market?," International Journal of Central Banking, International Journal of Central Banking, vol. 18(4), pages 1-52, October.
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