Residential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over seven percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.
Percentage change on previous year in the number of residential properties sold in selected countries in Europe from 2018 to 2020
The numbers provided come from various sources, but note that data availability varies per country; Numbers for Greece and Romania concern all property types, not just residential.
Supplementary notes
For this statistic, figures were combined from various domestic sources, such as:
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Statista. (September 22, 2020). Percentage change on previous year in the number of residential properties sold in selected countries in Europe from 2018 to 2020 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1174253/house-sales-change-in-europe-per-country/
Statista. "Percentage change on previous year in the number of residential properties sold in selected countries in Europe from 2018 to 2020." Chart. September 22, 2020. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1174253/house-sales-change-in-europe-per-country/
Statista. (2020). Percentage change on previous year in the number of residential properties sold in selected countries in Europe from 2018 to 2020. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1174253/house-sales-change-in-europe-per-country/
Statista. "Percentage Change on Previous Year in The Number of Residential Properties Sold in Selected Countries in Europe from 2018 to 2020." Statista, Statista Inc., 22 Sep 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1174253/house-sales-change-in-europe-per-country/
Statista, Percentage change on previous year in the number of residential properties sold in selected countries in Europe from 2018 to 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1174253/house-sales-change-in-europe-per-country/ (last visited November 13, 2024)
Percentage change on previous year in the number of residential properties sold in selected countries in Europe from 2018 to 2020 [Graph], Statista, September 22, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1174253/house-sales-change-in-europe-per-country/
