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.

Over the observed period, the value of dwelling transactions in Portugal fluctuated. The lowest value was recorded in the second quarter of 2020 at four billion euros. In the fourth quarter of 2024, the price of housing was the highest, at over 10.17 billion euros, having decreased to 9.61 billion euros during the first quarter of 2025.

Housing Index in Portugal increased to 258.78 points in the second quarter of 2025 from 247.05 points in the first quarter of 2025. This dataset provides - Portugal House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

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.

Portugal real estate and housing market valued at EUR 34 Bn, driven by foreign investment and tourism. Key regions include Lisbon, Porto, and Algarve with rising demand for residential properties.

Over the observed period, the number of housing transactions in Portugal fluctuated. The lowest value was recorded in the second quarter of 2020 at over 26,000. In the second quarter of 2025, over 42,880 housing market transactions were recorded.

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

The investment volume in the commercial property market in Portugal, fluctuated from 2013 to 2024. It can be seen that the volume of commercial real estate investment fell to *** million euros in 2021, down from **** billion euros in 2020. Nevertheless, in 2024 Lisbon experienced one of the highest investment volumes at *** billion euros. In the first quarter of 2025, investment equaled 600 million euros.The coronavirus (COVID-19) pandemic had a major impact on the commercial real estate sector, affecting investment activity across most countries in Europe.

Portugal Real Estate and Smart Housing Market valued at EUR 30 Bn, driven by urbanization, foreign investments, and sustainable solutions. Key cities include Lisbon, Porto, and Algarve.

During the considered period, the commercial property price index in Portugal reached its lowest value in 2013 at 93.15. From then on, this index continuously rose, reaching 141.89 in 2024. This value was the highest during the period considered, with the base year 2015 equaling 100.

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.

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

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.

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 Real Estate Digital Portals Market is valued at EUR 1.5 billion, driven by digitization, AI, virtual tours, and foreign investments in key cities like Lisbon and Porto.

Portugal Facility Management in Commercial Real Estate Market valued at USD 2.5 Bn, driven by sustainability, urbanization, and tech advancements for efficient property management.

Over the observed period, the value of dwelling transactions in Portugal fluctuated. The lowest value was recorded in the second quarter of 2020 at four billion euros. In the fourth quarter of 2024, the price of housing was the highest, at over 10.17 billion euros, having increased to 10.27 billion euros during the second quarter of 2025.