The European Maintenance & Repairs of the Dwellings Harmonized Index of Consumer Prices (HICP) reveals stark differences by country. In 2023, Hungary topped the list with the highest index value, showing significant growth from last year. Strong year-on-year variations were noted in Central and Eastern Europe, notably Hungary and Slovakia, reflecting increased economic activity and cost pressures. Western European countries displayed lower rates, with Greece and Switzerland showing minimal changes, highlighting regional economic disparities. Long-term trends over the past five years show significant upward momentum in Eastern Europe, contrasting with more moderate growth in Western Europe.
Future trends to watch include potential increases in maintenance and repair costs driven by the energy transition and the shift towards sustainable construction practices. Additionally, policy changes or economic shifts in the EU could impact these indices, particularly as Eastern nations continue to align with broader EU economic standards. Monitoring inflation rates and material costs will be critical in anticipating further changes in the HICP for dwellings maintenance and repairs.
Top countries in Maintenance & Repairs of the Dwellings HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 208.95 | 2023 | +14.89% | +13.19% | View data |
| 2 | 2 Lithuania | 168.01 | 2023 | +11.87% | +9.23% | View data |
| 3 | 3 Slovakia | 167.6 | 2023 | +15.28% | +9.73% | View data |
| 4 | 4 Poland | 165.8 | 2023 | +12.03% | +9.22% | View data |
| 5 | 5 Czech Republic | 160.9 | 2023 | +10.89% | +8.58% | View data |
| 6 | 6 Iceland | 148.17 | 2023 | +9.01% | +5.63% | View data |
| 7 | 7 Estonia | 147.83 | 2023 | +9.2% | +7.45% | View data |
| 8 | 8 Slovenia | 140.08 | 2023 | +9.63% | +6.32% | View data |
| 9 | 9 Sweden | 138.62 | 2023 | +7.17% | +5.91% | View data |
| 10 | 10 Norway | 135.7 | 2023 | +2.96% | +4.67% | View data |
