Eurozone | House price growth on track to reach a 30-year high
House price growth has gone from fast to faster across the eurozone, defying predictions of a pandemic-triggered downturn. This impressive momentum will continue through 2022.
What you will learn:
- We anticipate eurozone house price growth to surge to 8% y/y in Q4 2021 – a 30-year high. For the full year, we now forecast a similarly strong price performance, at over 7%, compared with under 6% a couple of months ago. We have also upgraded our 2022 forecast to over 6%, up from below 3%
- The Netherlands and Germany will lead the charge, with house price growth peaking at around 15%. Rapid rises are also anticipated for Slovakia and Austria. For Spain, growth is likely to have resumed in Q2 2021 and we expect it to pick up solidly. This leaves Italy as the only eurozone country with sub-3% growth by end-2021.
- Key factors behind the boom include easy financial conditions and the
concentration of the pandemic-driven shock to labour-market segments that generally are less active in homebuying.
Tags:
Related Services

Post
Housing supply front and centre for policy makers
The passing of the previously delayed Housing Australia Future Fund (HAFF) means that all the Albanese government's announced housing policies are now in place. These policies represent a minimum funding pool of $5.5 billion stretching to the end of the decade, potentially lifting as high as $10 billion if all targets are met and excess fund returns achieved.
Find Out More
Post
BoJ will continue effective zero interest rate policy anyway in Japan
The Bank of Japan (BoJ) maintained the policy rates at its September meeting, following a tweak in its yield curve control policy in July. Although this decision was widely expected, the markets are starting to speculate policy changes within the coming quarters, especially after the BoJ governor's recent interview.
Find Out More