Portugal has the 2nd largest increase in house prices in the EU.
House prices increased by 2.6% in the euro area and 3.8% in the European Union (EU) in the third quarter of 2024, with Portugal registering the second highest quarterly rise (3.7%).
House prices: Portugal records the 2nd highest increase in chain in the EU.
According to data from Eurostat, as reported on Notícias ao Minuto, compared to the previous quarter, housing prices rose between July and September, by 1.4% in the euro area and 3.0% in the EU.
Compared to the same quarter of 2023, the biggest increases in house prices were seen in Bulgaria (16.5%), Poland (14.4%), and Hungary (13.4%).
Four Member States experienced declines in year-on-year variation: France (-3.5%), Finland (-2.8%), Luxembourg (-1.7%) and Germany (-0.7%).
In Portugal, the indicator registered a 9.9% increase on an annual basis, according to Eurostat.
In the quarterly variation, the largest increases in housing prices occurred in Bulgaria (3.9%), Portugal (3.7%), and the Netherlands (3.6%), with only two Member States showing decreases in the Housing Price Index: Finland (-0.6%) and Estonia (-0.5%).
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