The largest increases in the number of transactions in 2021 were recorded in Spain, Bulgaria, Hungary and Ireland. In the ranking, Portugal is in seventh place.
According to data by Eurostat, in 2021, the number of housing transactions, when compared to 2020, increased in most EU member states for which data is available.
This increase comes after a drop in almost all countries in 2020 compared to 2019. Data on the number of housing transactions is available for 16 EU countries, the statistics office says.
The largest increases in the number of transactions in 2021 were recorded in Spain (+39.3%), Bulgaria (+39.0%), Hungary (+22.9%) and Ireland (+22.2%). Two member states recorded a decrease in the number of housing transactions, the Netherlands (-3.2%) and Luxembourg (-0.8%).
In this ranking, Portugal is in seventh place to register the highest increase, within the EU 16, with 19.4%.
Eurostat also says that the growth in the number of transactions in 2021 followed a drop in 2020, when the Covid-19 blocking measures were implemented, in particular in the second quarter of 2020, leading to a temporary suspension of real estate activity in some countries.
Housing transactions hit new record in 2021
According to data revealed by the National Statistics Institute (INE), specifically the 2021 Construction and Housing Statistics, 165,682 homes were transacted last year, "which is a new high in the available series and a 20.5% growth relative to 2020."
The same data states that "of the total, 21.6 billion corresponded to transactions of existing homes (+34.2%) and 6.5 billion to new homes (+21.7%). The value of these transactions reached 28.1 billion euros, 31.1% more than in 2020.
In 2021, the number of bank appraisals for housing credit exceeded 123,000, representing an increase of 24.8% compared to 2020 and a new high since 2009.
According to the INE, this is the second year in a row in which the difference between the number of assessments and the number of housing transactions rose, from 71.8% in 2020 to 74.4% in 2021.
House prices: Eurozone increases to 9.8% and Portugal to 12.9%
According to data revealed by Eurostat, house prices rose, 9.8% in the euro zone and 10.5% in the European Union (EU), in the first quarter, with Portugal showing an above average increase (12.9%).
Compared to the previous quarter, between January and March, house prices increased 1.7% in the euro zone and 2.1% in the EU.
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