In 2024, the housing market in the European Union has shown a remarkable rebound, with an increase in transactions in 13 of the 17 countries that provide data. This development is significant, marking the first time since 2021 that the majority of countries report growth in their annual sales.
Luxembourg is leading this increase, with an impressive 47.1% rise in transactions, followed by Hungary, which experienced a growth of 34.7%. The Netherlands completes the trio of countries with the highest increases, showing a rise of 16.7%. However, not all nations have had positive developments; Slovenia stands out with a decline of 17.7% in its transactions, while France and Ireland suffered drops of 9.1% and 2.8%, respectively.
On the other hand, the year 2023 had been bleak for the sector, as 13 out of the 16 analyzed countries reported declines in their transactions. During that period, Luxembourg, Hungary, and Austria experienced significant decreases, with drops of 43.3%, 31.4%, and 27.6%. Despite this, some countries like Cyprus and Poland managed to modestly increase their transaction levels, with gains of 31% and 6.7%.
The change in 2024 may indicate a shift in the dynamics of the European market after a period of decline that raised concerns among both investors and citizens. This upward trend prompts reflection on the factors contributing to this growth, in a still uncertain economic context.
via: MiMub in Spanish
