Fluctuations in housing sales in Europe - Which markets have seen the biggest growth?
Housing sales in Europe are fluctuating significantly, with some countries recording strong growth and others facing a noticeable slowdown. In the second quarter of 2025, house sales in the EU increased by an average of around 10% compared to the same period last year.
However, this average hides large variations between countries. For example, sales in Ireland fell by 10%, in Malta by 6.2%, in Hungary by 5.7%, and in Finland by 5.6%. On the other hand, some markets have seen extraordinary growth: in Luxembourg, home sales increased by around 86.6%, despite being a very small market in terms of the number of transactions.
Countries such as Slovenia and Lithuania also reported significant expansions, by 34.8% and 24.4% respectively. Belgium, Portugal and the Netherlands also recorded significant growth.
Experts point out that while the European Central Bank has implemented eight interest rate cuts during this cycle, their effects have not been the same across countries. Countries differ in financing conditions, the level of housing supply and underlying demand.
Another factor is government intervention: support measures for first-time home buyers or public guarantees for mortgages have had a positive impact in some markets. For example, a guarantee program in Portugal has helped many people under the age of 35 to get housing loans, but at the same time has created opportunities for sellers to increase prices.
In countries outside the EU, such as Norway, sales increased by about 10%. In Poland, the data shows a decrease of 17.9%. One of the reasons is the end of a fixed-rate mortgage program, while interest rates remain relatively high.
In countries like Germany and the United Kingdom, the housing market faces different challenges. In Britain, fixed mortgage rates have fallen, improving access for buyers, while in Germany, a lack of building permits is jeopardizing confidence in the future.
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