Italy is the best country in Europe for buying or renting a home.

housesEach has its own unique charm, amenities and lifestyle. According to a study conducted by the Dutch website 123Jaloezie, which analyzes the most attractive places in Europe to buy and rent a home,Italyranks first among European countries for buying or renting a house. Let's find out why.

Italy, the most popular country in Europe forreal estate

By examining the affordability of real estate in each EU country, how home purchase and rental prices have changed since 2015 and the number of real estate searches over the past year, a study conducted by 123Jaloezie has ranked the most popular regions to invest inreal estatein Europe.

• Italy: the country has the lowest house price growth since 2015, just 6.90%, and a very low average rental growth, just 2.60%. More than 968,000 real estate searches were conducted inItalyover the past 12 months, indicating a growing demand for real estate in the country.
• Hungary: Hungary has experienced incredibly high house price growth since 2015, almost doubling. Hungary is the focus of relatively few real estate searches, with only 58,900 in the last twelve months.

Top 3 European countries to buy a house

• Italy
• Spain
• France

Italy

• Real estate popularity rating: 8.81
• Average price increases for rentals and real estate are 2.60% and 6.90%, respectively.

Over 968,000 property searches were conducted in the last 12 months.

Spain

• Real estate popularity rating: 8.71
• More than 100 million tourists have visitedSpainin 2022, with more than 1.1 million linked to thereal estatesearches. Moderate increase in rental prices - 6.37% since 2015.

France

• Real estate popularity rating: 7.82
• Rental prices have only increased by 2.60% since 2015, the country has also performed quite well in terms of affordability and property searches.

Worst countries in Europe to buy a house

• Hungary
• Lithuania
• Czech Republic

Hungary

• Real estate popularity rating: 0.77
• The high rise in real estate prices makes it relatively expensive relative to local income, few real estate searches focus on Hungary.

Lithuania

• Real estate popularity rating: 0.89
• Real estate prices have nearly doubled since 2015, rents have also increased. A little less than 34,000 real estate searches were directed.

Czech Republic

• Real estate popularity rating: 1.16
• High real estate price increases and low affordability make real estate less attractive to buyers.

Methodology

To determine which EU countries are most attractive to potential homebuyers, 123jaloezie compared the 27 EU member states based on four factors: the number of real estate inquiries in the last 12 months, the property price index, the 2022 house price index and the average annual rental property index. These factors were combined into an overall real estate score for each country.