The European Owner Occupied Price Index in 2023 showed varied trends across different countries. Croatia and Hungary experienced the highest increases in prices with rates above 21%, indicating strong inflationary pressures in self-build dwellings and major renovations. Conversely, Italy and France saw minimal increases, suggesting more stabilized markets. Other countries in Eastern and Central Europe, such as Poland and Czech Republic, also showed notable price growth, reflecting regional construction demand.
Looking ahead, key trends to watch include:
- Potential stabilization of prices in countries with high recent increases, as markets adjust and economic conditions evolve.
- Inflationary pressures from material costs and labor shortages could continue to drive price changes, particularly in Eastern Europe.
- The impact of policy changes, sustainability initiatives, and housing demand fluctuations across European markets could significantly influence future index movements.
Top countries in Owner Occcupied Price Index on Self-build Dwellings and Major Renovations by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Croatia | 21.8 | 2022 | View data |
| 2 | 2 Hungary | 21.2 | 2022 | View data |
| 3 | 3 Poland | 18.3 | 2022 | View data |
| 4 | 4 Latvia | 18.1 | 2022 | View data |
| 5 | 5 Lithuania | 18.1 | 2022 | View data |
| 6 | 6 Romania | 17.8 | 2022 | View data |
| 7 | 7 Slovenia | 17 | 2022 | View data |
| 8 | 8 Czech Republic | 16.4 | 2022 | View data |
| 9 | 9 Germany | 16.3 | 2022 | View data |
| 10 | 10 Austria | 14.9 | 2022 | View data |
