Housing prices in Spain and EU have grown by 39% last decade

The latest data of real estate market issued by Eurostat illustrate the faster growth of sale and purchase prices rather than rental payments. Backward, starting 2010 to Q3 2021 rental payments in the European Union have grown at 16%, while sale and purchase prices soared at 39%. Similar is the situation in Spain. Sale and purchase prices declined at 0,5% while rental prices increased by 5%.

Since the economic crisis in 2008 when the real estate soap bubble burst out, housing prices in various European countries stated showing decline in varying degrees, and such trend continued up to 2013. The ways the European countries were trying to recover after the economic crisis were different in each case. Some countries suffered larger economic loss that others.

According to the data by Eurostat, at the beginning of 2010 and up to Q2 2011, sale and purchase prices, and rental payments demonstrated similar positive dynamics. However, at the following period no more similarities of these market trends were found.

On one hand, rental income does not stop growing during the last decade showing stability. On the other hand, housing prices were fluctuating, continuing to fall up to 2013, lagging prices of 2010 up to 2016. Since then, the average cost of dwelling in Europe continued to rise and exceeded the level of 2010 at 40 points.