Portugal records biggest EU rise in house prices in second quarter
Eurostat data shows Portugal recorded the EU's sharpest rise in house prices in Q2 2026 versus a year earlier. In September, national housing costs hit a fresh record high.
In Portugal, house prices have reached an all-time high, with significant increases in September. According to Idealista's price index, prices climbed by 7.9% compared to the same month last year and rose by 0.6% monthly nationwide. The median asking price for a home stood at €3,228 per square metre.
Cities such as Vila Real (17.8%), Leiria (17.6%), Beja (14.4%), Faro (14.3%), and Guarda (14%) experienced the most substantial annual increases. The Centro region led regional price growth. Conversely, Lisbon remained the most expensive city to buy a home, with a median asking price of €6,256 per square metre, while Lisbon's wider region was the priciest at €4,501 per square metre.
Portugal also recorded the highest annual house price growth in the EU during the second quarter of 2026, with a 16.5% increase compared to the same period a year earlier. Bulgaria and Lithuania followed with 15.5% and 14.3% increases, respectively. In contrast, Finland, Luxembourg, and France saw declining prices, with Finland decreasing by 2.7%, Luxembourg by 2.2%, and France by 0.8%.
Overall, house prices surged by 4% in the eurozone and 4.7% in the EU during the second quarter of 2026 compared to the same quarter of the previous year.
Written by urgent.news from Euronews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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