The national real estate market is booming. Portugal has once again stood out among almost 60 countries, showing the third-highest increase in house prices, according to a recent analysis by the Bank for International Settlements (BIS). Within Europe, Portugal actually ranks first in housing appreciation.
In 2025, house prices in Portugal will rise by 16.3% in real terms (i.e., discounting inflation), according to the BIS. This is the third-highest annual increase among the 57 countries analysed, behind only North Macedonia (20%) and Hungary (16.8%), writes Jornal de Negócios.
This annual increase in housing prices in Portugal was the highest since the BIS has had data available. And it stands far above the increase in house prices in the eurozone (3%). Among the countries that share the euro, Portugal leads in annual increases in house prices, followed by Croatia (12%), Spain (9.6%) and Slovakia (8.6%).
Across the 20 euro area economies, only three countries recorded falls in house prices: Finland (-3.2%), Luxembourg (-2.8%) and Austria (-1.8%), according to the same newspaper.
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