Real estate, as housing and a key factor of economic activity, represents an important investment opportunity. Therefore, many economists aim to understand and study the factors influencing real estate prices and predict their trends. This research aimed to determine the impact of the introduction of the euro and accession to the Schengen area on real estate prices in the EU-27 countries during the period from 2000 to 2023. By analyzing the determinants of real estate prices, such as GDP per capita, unemployment, inflation, and long-term interest rates, it was concluded that there is a statistically significant impact of the introduction of the euro and accession to the Schengen area on the increase in real estate prices, measured by the real estate price index. This phenomenon is explained by the convergence of income, standards, and prices among the Eurozone member countries and the increase in the number of participants in the unified Schengen market. The Schengen agreement leads to freedom of movement, thereby increasing the demand for real estate, which in addition to inelastic supply leads to an increase in real estate prices. Entry into the Eurozone increases economic growth, trade and a drop in interest rates, which consequently leads to an increase in demand and an increase in real estate prices. The limitation of this research lies in the fact that real estate prices are also influenced by other factors and that each individual member country has its unique dynamics of basic macroeconomic indicators.