House prices in Portugal rose 17.7% year-on-year in the third quarter of 2025, marking the second-largest increase in the European Union, according to Eurostat. This surge is well above both the Eurozone average of 5.1% and the EU average of 5.5%, highlighting the continued strength of the Portuguese property market.
Compared with the previous quarter, from July to September 2025, house prices in Portugal increased by 4.1%, the third-highest quarterly growth among EU countries. In contrast, the Eurozone and EU averages both rose 1.6% over the same period.
Among EU member states, the largest annual increases were recorded in Hungary (21.1%) and Bulgaria (15.4%), while Finland was the only country to see a decline in house prices (-3.1%). On a quarterly basis, Portugal was again among the top performers, alongside Latvia (5.2%) and Slovakia (4.9%).
Over the longer term, Portugal’s property market has seen remarkable growth. Since 2015, house prices in the country have increased by 169%, more than doubling in just a decade. This represents the largest rise among EU countries, ahead of Lithuania (162%) and Bulgaria (156%). Only Hungary has seen a bigger increase over the same period, with prices climbing 275%.
The figures underline Portugal’s ongoing appeal for both domestic buyers and international investors. Strong demand, limited supply, and favourable financing conditions continue to push house prices higher, particularly in Lisbon, Porto, and popular coastal regions.