House Prices Rise Rapidly in Major Portuguese Cities
House prices in Portugal rose sharply in the first quarter of 2026. Many cities saw big increases, and this trend is causing concern. The housing market is currently very active.
According to Eurostat, Portugal had the second largest increase in housing costs in the EU during the last quarter of 2025. Between the first quarter of 2025 and the first quarter of 2026, housing prices increased the most. In 2025, 169,812 housing units were bought and sold, which is an 8.6% increase from 2024. The Portuguese Institute of Statistics (INE) reported this high number of transactions. This suggests a strong demand for housing in Portugal.
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Highlights
House Prices Rose Significantly
House prices increased by half in many Portuguese cities during the first quarter.
Lisbon and Porto Prices Rising
Lisbon and Porto continued to see rising house prices.
Second Largest EU Increase
Portugal had the second largest increase in housing costs in the EU.
Largest Cost Increase Recorded
The rise in housing costs between the first quarter of 2026 and 2025 was the largest in the EU.
Record Housing Sales in 2025
A record 169,812 housing units were sold in Portugal in 2025.