Nominal house price index in select countries in Europe 2010-2024, by quarter

Published by Statista Research Department, Nov 5, 2024

In 2024, Turkey was the country with the highest increase in house prices since 2010 in Europe. In the first quarter of the year, the nominal house price index in Turkey exceeded 2,784 index points. House prices in Turkey have soared since 2021, fueled by hyperinflation in the country. According to the index, which amounted to 100 in 2010, house prices in Turkey increased by almost 2,700 percent (27 times) since 2010, the baseline year when the index value was set to 100. Iceland had the second-highest increase, at 336.96 index points (237 percent). It is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower. 

Quarterly house price index (nominal) in select countries in Europe from 1st quarter 2010 to 1st quarter 2024

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Release date

September 2024

Region

Europe

Survey time period

Q1 2010 to Q1 2024

Supplementary notes

The house price index measures the development of residential property prices, with 2010 as a baseline year and a value of 100. 

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