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House prices rose 18.4% in second quarter, statistics office says

Portuguese property price growth slowed from the previous quarter but accelerated in ten of the largest municipalities, with Portugal recording the EU's highest increase since 2020.

23 October 2026Tagblick Newsdesk

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Archive photo: House prices rose 18.4% in second quarter, statistics office says — Archive photoPhoto: Xuaxo · Wikimedia Commons · CC BY-SA 3.0

The National Statistics Institute registered an 18.4% rise in house prices in the second quarter, according to an INE statement. This development represents a slowdown from the 19.8% rate recorded in the previous quarter, with both figures measured year-on-year.

Despite the overall deceleration, the picture was not uniform across the country. Price increases accelerated in ten of the twenty-four largest municipalities, reflecting differentiated local dynamics in the property market.

Data from Pordata, run by the Francisco Manuel dos Santos Foundation, places Portugal's performance in a European context. Housing prices in Portugal have risen 41.5% between 2020 and 2025, representing the largest increase recorded in the European Union over this period.

Over a longer timeframe, prices have increased 81.9% since 2010, the third-largest rise in the European Union according to the same source. This trajectory of sustained growth places Portugal among the countries facing the strongest pressure on property prices in the European property market.

According to data from the Francisco Manuel dos Santos Foundation, sixty-six per cent of Portuguese people prioritise housing as a public issue. Almost eighty per cent reject the notion that it is easy to find an affordable home, reflecting widespread concerns about the housing question.

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