Housing market figures in the European Union are known!
These are the figures for the first quarter of 2021 compared to the first quarter of 2020. Eurostat (the EU statistical office) collects and processes the data from all national statistical offices from the EU countries in the House Price Index.
In the first quarter of 2021, house prices rose by 5.8 percent and 6.1 percent in the European Union compared to the first quarter of 2020. This is the highest annual increase for the euro area since the fourth quarter of 2006 and since the third quarter of 2007 for the EU. In the fourth quarter of 2020, house prices rose by 5.6 and 5.8 percent respectively.
Despite or perhaps because of the corona crisis, house prices have continued to rise unabated in the past 12 months! Spain showed a small increase of +0.9 percent, while in the Netherlands it was +11.3 percent and in Belgium +6.7 percent. Of course, the figures below give a global picture and there are sometimes large regional differences, but the general trend is still positive. Your Dutch real estate agent in Altea Casagalera can talk about this. Young investors in particular are looking for houses and plots of land in this region on the Costa Blanca. For the right investment or investment, please contact Ton van Grunsven, your Dutch real estate agent in Altea.