# European house prices vs rents | PIER20 benchmarks

Have European house prices outpaced rents?

European house prices vs rents tracks house-price and rent indices rebased to 2015 Q1. It uses quarterly data.

The latest data is from **Q1 2026**. The House prices reading is **169.56 index**. The Rent index reading is **123.32 index**. The Price/rent ratio reading is **137.49 index**. The House prices line is up 5.1% over the past year. It is above its long-run median of 130.30 index.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| House prices | 100.00 | 169.56 | 100.00 | 169.56 |
| Rent index | 100.00 | 123.32 | 100.00 | 123.32 |
| Price/rent ratio | 100.00 | 137.49 | 100.00 | 138.35 |

## Last 24 readings

| Date | House prices | Rent index | Price/rent ratio |
|---|---|---|---|
| Q2 2020 | 128.50 | 106.79 | 120.33 |
| Q3 2020 | 130.30 | 107.23 | 121.51 |
| Q4 2020 | 132.09 | 107.49 | 122.88 |
| Q1 2021 | 134.45 | 107.97 | 124.53 |
| Q2 2021 | 138.37 | 108.20 | 127.89 |
| Q3 2021 | 142.67 | 108.59 | 131.39 |
| Q4 2021 | 145.68 | 108.85 | 133.84 |
| Q1 2022 | 148.78 | 109.52 | 135.85 |
| Q2 2022 | 152.21 | 110.19 | 138.13 |
| Q3 2022 | 153.55 | 110.99 | 138.35 |
| Q4 2022 | 151.36 | 111.65 | 135.57 |
| Q1 2023 | 150.19 | 112.80 | 133.14 |
| Q2 2023 | 150.80 | 113.48 | 132.88 |
| Q3 2023 | 151.78 | 114.33 | 132.76 |
| Q4 2023 | 151.49 | 114.98 | 131.76 |
| Q1 2024 | 152.45 | 116.21 | 131.18 |
| Q2 2024 | 155.37 | 116.89 | 132.91 |
| Q3 2024 | 157.81 | 117.97 | 133.77 |
| Q4 2024 | 158.97 | 118.65 | 133.98 |
| Q1 2025 | 161.29 | 119.84 | 134.58 |
| Q2 2025 | 163.82 | 120.58 | 135.87 |
| Q3 2025 | 166.44 | 121.62 | 136.85 |
| Q4 2025 | 167.58 | 122.43 | 136.88 |
| Q1 2026 | 169.56 | 123.32 | 137.49 |

## How to read this benchmark

**How to read it.** The ratio rises when house prices grow faster than rents. Both indices equal 100 in the first quarter of 2015.

## How this benchmark is used

**Why traders watch it.** Traders use this benchmark to compare European housing values with rental costs.

## Frequently asked questions

**What is the latest reading for European house prices vs rents?**

The latest data is from Q1 2026. The House prices reading is 169.56 index. The Rent index reading is 123.32 index. The Price/rent ratio reading is 137.49 index. The House prices line is up 5.1% over the past year. It is above its long-run median of 130.30 index.

**How often does this benchmark update?**

The source publishes quarterly data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.

**What data sources does this chart use?**

Eurostat publishes the data. The methodology section lists each source series.

**Where does the data come from?**

Eurostat publishes the source data. The source table lists each series and its exact link.

## Methodology

- Formula: House-price and rent indices rebased to 2015 Q1
- Frequency: Quarterly
- Sources: House prices (house-price-index) https://ec.europa.eu/eurostat/api/dissemination/statistics/1.0/data/prc_hpi_q?freq=Q&purchase=TOTAL&unit=I15_Q&geo=EU27_2020; Rent index (rent-index) https://ec.europa.eu/eurostat/api/dissemination/statistics/1.0/data/prc_hicp_minr?freq=M&unit=I15&coicop18=CP041&geo=EU27_2020; Price/rent ratio (price-rent-ratio) https://ec.europa.eu/eurostat/api/dissemination/statistics/1.0/data/prc_hpi_q?freq=Q&purchase=TOTAL&unit=I15_Q&geo=EU27_2020. Data via Eurostat.
- Data through: Q1 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/european-house-prices-vs-rents
Disclaimer: research software output, not investment advice.