Portugal has the 2nd highest increase in housing prices in the EU.
House prices increased by 2.6% in the eurozone and 3.8% in the European Union (EU) in the third quarter of 2024, with Portugal showing the second largest quarterly increase (3.7%).
House prices: Portugal records the 2nd largest chain increase in the EU.
According to Eurostat data, disclosed in the News at the Minute, 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 in 2023, the biggest increases in house prices were seen in Bulgaria (16.5%), Poland (14.4%), and Hungary (13.4%).
Four Member States recorded decreases in year-on-year variation: France (-3.5%), Finland (-2.8%), Luxembourg (-1.7%), and Germany (-0.7%).
In Portugal, the indicator recorded a 9.9% increase on an annual basis, according to Eurostat.
In 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 experiencing decreases in the Housing Price Index: Finland (-0.6%) and Estonia (-0.5%).
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