Recent surges in house prices have affected many — but not all — countries in the European Union

One of the most pressing problems I hear from European friends is that they cannot find an affordable place to live. Housing costs represent one of the largest expenses for most Europeans. While many people rent, purchasing a home remains a goal for some.

The chart shows the change in house prices of residential properties purchased by households in 12 countries across the European Union since 2010. In many, prices have increased sharply (even after inflation). Portugal shows the most dramatic increase, with prices rising by 50%.

But this large increase has not happened everywhere. Rises have been more modest in France and Belgium, and prices have actually fallen considerably in Romania and Italy.

These huge differences matter to young Europeans hoping to find their first home after leaving their family house.