House prices in Portugal double eurozone, according to Eurostat

  • Lusa
  • 8 April 2020

In the fourth quarter of 2019, the year-on-year price of housing in Portugal registered an increase of 8.9%.

In the fourth quarter of 2019, the year-on-year price of housing rose 4.2% in the eurozone and 4.7% in the European Union (EU), with Portugal registering an increase of 8.9%, according to Eurostat.

Compared to the previous quarter, between October and December, house prices rose 0.7% in the eurozone and 0.8% in the EU, with Portugal equalling the average for the single currency countries.

According to the European statistical office, the highest year-on-year rises were in Luxembourg (11%), Slovakia (10.9%) and Croatia (10.0%), while house prices fell only in Cyprus (-4.8%).

Compared with the third quarter of 2019, the largest increases in house prices were seen in Malta (3.5%), Estonia, Croatia (2.9% each) and Poland (2.8%), while the main falls were seen in Cyprus (-3.7%), Denmark (-3.2%) and Hungary (-1.5%).