Portugal with the 4th highest housing prices increase in EU

  • ecoadmin
  • 7 October 2019

House prices rose 10.1% in Portugal in the second quarter of the year, behind only Hungary, Luxembourg and Croatia.

According to Eurostat this Monday, Portugal continues to be one of the European Union (EU) countries where house prices are rising the most. The 10.1% increase in prices in Portugal in the second quarter of the year was the fourth largest in the EU, only falling short of the increases in Hungary, Luxembourg and Croatia.

The data from the European Bureau of Statistics shows the average house prices grew by 4.2% in the European Union between the beginning of April and the end of June, in year-on-year terms, the same rate of change that was recorded in the Eurozone.

Portugal ranks fourth among the European Union countries that recorded the highest increases in property prices. The growth rate of 10.1% recorded in Portugal is only below the increase of 14%, 11.4% and 10.4% seen in Hungary, Luxembourg and Croatia, respectively. Restricting the analysis to the Euro Zone, Portugal thus ranks second among the countries with the strongest rates of price acceleration.