European Housing Trend Report 2024

We are excited to unveil the RE/MAX European Housing Trend Report 2024, offering an insightful overview of the current state and future direction of the European housing market.

Drawing on the perspectives of thousands of individuals across the continent, this report reflects a time of transformation. Economic adjustments following the events of 2023, including inflation control and stabilized interest rates, are influencing housing decisions, and households are balancing affordability challenges with their desire for improved living conditions.

Key Insights from the 2024 Report:

• Financial Pressures: Affordability remains a core issue, with housing costs representing a substantial share of monthly expenses for Europeans. Many are adapting by cutting back on non-essential expenditures while seeking ways to manage their housing costs more effectively.
• Changing Priorities: Outdoor spaces and energy efficiency are emerging as top priorities for buyers. While sustainability measures like solar panels and eco-friendly upgrades are gaining attention, their adoption is still hindered by high costs, despite government incentives in some countries.
• Homeownership Trends: Secondary homeownership remains a desirable goal for many Europeans, particularly as an investment or for future retirement. Countries like Bulgaria and Greece stand out, with nearly half of homeowners owning a second property.
• Satisfaction Levels: Overall housing satisfaction varies significantly across Europe. Countries like the Netherlands and Romania report high levels of contentment, while regions with higher costs, such as Ireland, face greater dissatisfaction.

This year’s report sheds light on the evolving housing preferences, the financial realities driving change, and the emerging opportunities in sustainability. As the market continues to shift, RE/MAX Europe remains at the forefront, helping individuals, policymakers, and real estate professionals navigate this dynamic landscape.

Download the full Trend Report ➤