In a year-over-year comparison, Luxembourg recorded the largest decline, while Cyprus experienced the largest increase. Slovenia also saw one of the largest declines, with the number of transactions decreasing by a fifth.
Last year marked the second consecutive year in which the majority of EU member states recorded a decline in the number of residential real estate sales transactions. In 2022, a decline was recorded in 10 member states.
According to Eurostat data, last year saw the largest year-over-year drop in the number of such transactions in Luxembourg, at 43.3%. Following Luxembourg were Austria (-26.4%), Hungary and Finland (both -24.5%), and France (-21.5%).
Right after France was Slovenia, where the number of residential real estate sales transactions fell by 20% last year.
On the other hand, the largest increase in the number of transactions was recorded in Cyprus, with a growth of 31%. Growth was also observed in Poland (+3.9%) and Ireland (+0.6%).
