ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
Photo: Stella Ivanova
House prices across the European Union continued to rise steadily in 2025, according to the latest figures from Eurostat. In the third quarter of the year, property values increased by 5.5% compared to the same period in 2024, while rents rose by 3.1% year-on-year. On a quarterly basis, house prices grew by 1.6% compared to the second quarter, and rents by 0.9%.
Eurostat’s analysis shows that in the period around 2010–2011, the trajectories of house prices and rents were broadly aligned. Since then, however, they have diverged: rents have maintained stable and moderate growth, while property prices have experienced more pronounced fluctuations, with alternating phases of decline, stagnation, and rapid appreciation. Over the decade from 2015 to the third quarter of 2025, house prices across the EU increased by 63.6% in total, compared with a 21.1% rise in rents.
At the national level, among the 25 member states for which data are available, house prices have outpaced rent growth in nearly all cases. The sharpest increases were seen in Hungary, where property prices surged 275%, followed by Portugal (+169%), Lithuania (+162%), and Bulgaria (+156%). Finland stands out as the only EU country where house prices declined over the same period, falling by 2%.
In contrast to property prices, rents have increased in all 27 EU member states. The fastest rent growth was recorded in Hungary (+107%), followed by Lithuania (+85%), Slovenia (+76%), Poland (+75%), and Ireland (+74%).
The housing market in Bulgaria is undergoing notable shifts, with buyers increasingly prioritizing location and accessibility over sheer size.
Property values in Sofia have surged by approximately €500 per square metre over the past year, according to data from one of Bulgaria’s largest real estate agencies. Across the country’s main cities, housing costs climbed by 20% in the final quarter of 2
Two-room dwellings make up the largest portion of newly built homes in Bulgaria, according to data for the fourth quarter of 2025.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Bulgaria is facing a sharp rise in construction material costs, which experts warn will drive property prices higher. Svetoslav Zhekov, chairman of the Chamber of Builders in Varna
As Bulgaria enters its first full year in the eurozone, the real estate market in Sofia begins 2026 with a shift from rapid, speculative growth to more stable, needs-driven demand.
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