Index of commercial property prices in the euro area 2011-2023, per quarter
Commercial property prices in the euro area declined in 2023, following a long period of growth since 2011. In the second quarter of 2023, the index value stood at 114.73, meaning that prices had increased by almost 15 percent since 2011 - the index baseline year. At its peak in the second quarter of 2022, the index amounted to 127.35 percent.