2024-02-29 06:09:52
Want to invest your money in a second home, or simply buy abroad to avoid the crazy prices displayed in Brussels or Belgium? A new study has just revealed the best (and worst) countries in Europe for buyers and renters. To do this, it was based on the evolution of real estate prices and rents, the price index, which indicates accessibility based on historical data, and the demand for real estate, in order to reveal Europe’s hot spots.
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And the real estate prize goes to…
Result ? It is Italy which wins the prize for real estate in Europe. La Botte recorded the lowest increase in house prices (only 6.90%), but also a very low average increase in rents (2.60%). Proof of its success, over the last 12 months, the country has been the subject of more than 968,000 property searches.
In second position, we find Spain. Nestled in the southwest of the continent, the country attracted over 100 million tourists in 2022 and recorded the highest number of real estate-related searches (nearly 1.1 million to be precise). The country has also benefited from a low rental growth rate of 6.37% since 2015. France is in third place. Rents in France have increased by just 2.60% since 2015, while the country has performed relatively well in terms of affordability and the number of property searches.
Behind these three flagship destinations, we find Cyprus, Denmark, Finland and the Greek islands. In eighth position, place Belgium, which also holds the highest score in the Numbeo real estate price index for 2023. Just behind we find Sweden and Germany. The study further reveals that Greece experienced the lowest increase in rental prices since 2015, the average rent fell by 6.54% and is the only EU country to experience a decline in rents.
The least attractive countries
By looking at the most attractive countries in Europe for investors, the study also focused on the least attractive destinations. And it is Hungary which appears to be the least favorable country in Europe for buying or renting. Hungary has indeed seen an incredibly high increase in property prices, which have more than doubled on average since 2015. Furthermore, property searches for Hungary are relatively few, with only 58,900 searches over the last few years. last twelve months. For its part, Estonia experienced the largest increase in average rent prices (58.56%). Slovakia, for its part, recorded the lowest level of interest, with just under 30,000 searches.
The top 10 real estate:
1. Italy
2. Spain
3. France
4. Chypre
5. Denmark
6. Finland
7. Greece
8. Belgium
9. Sweden
10. Germany
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