Several media outlets are reporting this week on the latest data from the Europace House Price Index (EPX), which showed a slight upturn in real estate prices in almost all segments in November 2025, continuing the trend from the previous month. According to Europace, the segment of new single-family and two-family homes stood out particularly clearly. Prices here rose by 0.79 percent in November – more than in any other segment analyzed. This brought the house price index to a level of 242.25 points, which corresponds to an increase of 2.51 percent compared to the corresponding figure for the previous year. Prices for condominiums fell slightly in November by 0.24 percent to 218.68 index points; nevertheless, there was also a significant increase here compared to the previous year, with a rise of 2.50 percent.
Existing single-family and two-family homes remained stable in value: here, the house price index reached 201.93 points, 0.10 percent higher than in the previous month. Compared to the previous year, the increase amounted to 2.16 percent. The overall index rose slightly by 0.24 percent compared to October, and at 220.95 points, the index ended November 2.40 percent higher than a year earlier.
According to Stefan Münter, CEO and Co-CEO of Europace, the year-on-year comparison shows a continued clear upward trend, which underscores the structural shortage in the market. “For prospective buyers, this means that waiting will not make it any cheaper,” he concludes.
“From our perspective, the current market situation is quite similar,” says Jacopo Mingazzini, CEO of The Grounds. “Especially in large cities and metropolitan areas and their surrounding regions, where the population continues to grow, the relationship between supply and demand suggests that further price increases are to be expected.”
