The latest data from Eurostat shows that in the last 12 years the price of real estate increased by 50%, whereas rents have risen by about 30%. This follows figures which evaluated the price of property and rent between 2007 and 2019.
Overall the price of property in member countries increased by 19.1% whereas rents increased by 21%. Statistics show that in this period Malta had the seventh largest increase in the price of property and the 10th largest increase in rental prices.
In the EU there were 22 countries that have seen an increase in the price of property; the largest increase recorded in Austria which saw an increase of 85.5%. Of the six countries which saw a decrease in the price of property, Greece at -40% recorded the largest decrease.
In terms of rental property prices, these have increased in every country except for Greece and Cyprus, with Lithuania at more than 101% experiencing the largest increase, while in Greece rental property prices fell by 17.5%.