The beginning of the year did not slow down the upward trend in housing prices in Portugal. Prices rose 17.8% in the first quarter of 2026 compared to the same quarter the previous year, according to Eurostat, putting Portugal top of the table of European countries hit by the biggest rise. In the previous quarter, this position belonged to Hungary.
March 23, 2026
In almost all EU countries, house prices rose between January and March (the exception was Finland, where they fell 25 times), but not as aggressively as in Portugal. On average, growth in the eurozone was 4.7%, and in the EU as a whole – 5.1%.
Compared to the previous quarter, from October to December 2025, house prices in Portugal rose by 3.8%, surpassing this growth only in Bulgaria, which began adopting the euro as its currency in early January. Again in Portugal, prices have risen by more than three and almost four times the EU (1.2%) and Eurozone (1%) averages.