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.
Portugal has witnessed its biggest surge in house prices within the European Union during the second quarter of 2026, according to new data. The Idealista price index revealed a 7.9% increase in September compared to the same month in 2025. On a monthly basis, prices rose by 0.6% from August nationwide. The median price for a home in Portugal now stands at 3,228 euros per square metre (euros/m2).
District capitals and autonomous regions, such as Vila Real (+17.8%), Leiria (+17.6%), Beja (+14.4%), Faro (+14.3%), and Guarda (+14%), experienced the most significant price growth among these areas. In contrast, Lisbon, the country's most expensive city, with a median price of 6,256 euros/m2, saw the least increase at 4.4%. Lisbon's wider region is the priciest area for purchasing housing, with a median price of 4,501 euros/m2.
Portugal's price surge also outpaced the European Union, which saw a 4.0% increase in the second quarter of 2026, compared to the previous year. Only Finland (-2.7%), Luxembourg (-2.2%), and France (-0.8%) experienced a decrease in house prices within the EU during this period.
Written by urgent.news from Euronews Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
