Analysis of the latest available data, shows Hungary leads the index this quarter with 15.4% annual price growth, boosted by a robust economy (4.9% GDP growth forecast in 2019*), low mortgage rates, high wage growth and a range of government subsidy measures. 

However, other previous frontrunners from the last two years have cooled significantly – Slovenia (18th), Malta (22nd) and Iceland (26th) either due to weaker economic landscapes, affordability concerns or a decline in tourism. 

Seven of the top ten rankings this quarter are European countries and most are located within Central and Eastern Europe. Here, prices are rising from a low base, economies are strengthening and borrowing costs are close to record lows.

For more information please contact Kate Everett-Allen