Graph and download economic data for Real Residential Property Prices for Portugal (QPTR628BIS) from Q1 1988 to Q1 2025 about Portugal, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Portugal house prices grew 9.8% YoY in Sep 2024, following an increase of 7.8% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2010 to Sep 2024, with an average growth rate of 7.6%.
• House price data reached an all-time high of 13.2% in Jun 2022 and a record low of -8.3% in Jun 2012.

Housing Index in Portugal increased to 247.05 points in the first quarter of 2025 from 235.68 points in the fourth quarter of 2024. This dataset provides - Portugal House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

House prices in Spain are forecast to fall in 2024, after increasing by *** percent in 2023. Nevertheless, prices are expected to pick up in 2025, with an increase of ***********. The Portuguese housing market, on the other hand, grew by *** percent in 2023, but was forecast to contract in the next two years.

This dataset provides a comprehensive view of the Portuguese housing market, integrating both listing and official transaction data. Initially compiled from historical reports by Idealista, it includes €/m² prices for sales and rentals across various Portuguese regions.

Now, this dataset has been significantly enhanced with official transaction data from the Instituto Nacional de Estatística (INE) of Portugal. This addition includes quarterly values and counts of housing transactions at a national level, providing a crucial perspective on actual market activity beyond listing prices.

This consolidated dataset is a core component of a broader case study exploring housing affordability, investment potential, and regional development across Portugal. It enables a more robust analysis by allowing comparison between asking prices and actual transaction values, as well as insights into market volume.

Additional socioeconomic data will be gradually integrated to further enrich the analysis, such as:

• Minimum and average wages (INE)
• New construction volume (INE)
• Migration and population trends
• Interest rates (Banco de Portugal)

🔗 Full pipeline and source files, including data cleaning scripts and analysis notebooks, are available on GitHub: https://github.com/igor-marques/portugal-housing-market-capstone

Data Sources Included: * Idealista: Historical listing prices (€/m²) for sales and rentals across Portuguese regions. * Instituto Nacional de Estatística (INE): Official quarterly data on housing transaction values and counts for Portugal (from Q1 2009 to Q1 2025).

In Portugal, the average price of housing for sale was, in July 2025, 2,926 euros. The region with the highest average value was the Lisbon Metropolitan Area, at 4,111 euros per square meter. The Algarve followed, while the Central region recorded the lowest value, namely 1,582 euros. Still, prices increased for all regions.

View quarterly updates and historical trends for Portugal House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

Residential Property Prices in Portugal increased 16.29 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Portugal Residential Property Prices.

Residential property prices in Portugal continued their strong growth in 2019, increasing by more than ***** percent year-on-year at the end of the year. An improving economy and low interest rates caused house prices in the Iberian country to grow since the end of 2014. For 2020, the original outset was that this trend would continue. Whether this has indeed happened, despite the coronavirus pandemic, is unclear as this figures are not yet available for Portugal.

In the quarter ending December 2024, the house price index in Portugal was recorded at 235.68 points, having increased by nearly six index points from the previous quarter. That was the highest value over the period under consideration.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

Portugal - Housing cost overburden rate: Tenant, rent at market price was 30.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on September of 2025. Historically, Portugal - Housing cost overburden rate: Tenant, rent at market price reached a record high of 35.80% in December of 2012 and a record low of 17.60% in December of 2010.

Portugal - House price index was 16.30% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - House price index - last updated from the EUROSTAT on August of 2025. Historically, Portugal - House price index reached a record high of 16.30% in March of 2025 and a record low of -8.30% in June of 2012.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

A buyer-facing comparison of four Portuguese locations showing an average price snapshot, buyer appeal, market tempo and helpful guides.

In 2024, ** percent of respondents in Portugal revealed that their expectations regarding buying or selling a house during that year had been frustrated. Almost ** percent of people thought that there was more house supply than demand, while ** percent believed the opposite. Almost half percent of house owners or interested buyers believed that the majority of house buyers in the country were investors.

Real residential property prices Y-on-Y, percent change in Portugal, March, 2025 The most recent value is 13.72 percent as of Q1 2025, an increase compared to the previous value of 8.73 percent. Historically, the average for Portugal from Q1 1990 to Q1 2025 is 1.43 percent. The minimum of -11.2 percent was recorded in Q1 2012, while the maximum of 13.72 percent was reached in Q1 2025. | TheGlobalEconomy.com

Portugal Real Estate Portals and Digital Listings Market valued at EUR 1.5 billion, driven by digitization and online property searches in Lisbon, Porto, and Algarve.

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