House prices rose by 4% in the EU in the first quarter of 2019 compared with the same quarter of the previous year, while Hungary saw a 11.3% increase in the same period. This puts Hungary on top of the EU rankings, followed by the Czech Republic with 9.4% and Portugal with 9.2%, according to the latest analysis released by Eurostat , the statistical office of the European Union.
Hungary rose to the top of Eurostat's House Price Index rankings in 2016 and has been in among the markets with the highest increase ever since. Based on data from the first quarter of 2019, residential property prices grew almost three times as much in Hungary year on year as the 4% EU average. The only other countries to exceed 9% were the Czech Republic and Portugal, while the only country where house prices fell since last year was Italy, which saw a 0.8% decrease.