Rents and house prices in the EU have continued their steady increase in Q2 2021, going up by 1.3% and 7.3% respectively, compared to Q2 2020, according to data published Eurostat, the EU’s statistical service.
Over the period from 2010 to Q2 2021, rents increased by 16% and house prices by 34% according to Eurostat.
Cyprus has seen the third largest reduction in prices overall compared to 2010, as rents decreased by 3% and house prices decreased by 8%.
Eurostat points out in its analysis of the data that between 2010 and Q2 2011, house prices and rents in the EU followed similar paths, but that since Q2 2011, those paths have diverged significantly.
More specifically, while rents increased steadily throughout the period up to Q2 2021, house prices have fluctuated considerably.
After a sharp decline between Q
Source: Cyprus News Agency