According to the National Statistics Institute (INE), the prices of existing homes rose 17.0% and those of new homes 14.5% in the first quarter.
In relation to the previous quarter, the Housing Price Index (IPHab) increased 4.8% (3.0% in the previous quarter), with existing homes recording higher price growth than new homes, with variations of 5.3% and 3.7%, respectively.
Between January and March, 41,358 homes were transacted, corresponding to an annual growth of 25.0% (a variation of 32.5% in the previous quarter) and a quarter-on-quarter reduction of 8.5%.
In terms of value, the transactions registered totalled 9.6 billion euros, 42.9% more than in the same period in 2024.
English
Nederlands
Deutsch
Français
Español
Italiano
Svenska
Pусский
Română
中文
Türkçe
हिन्दी
Português
Українська
اردو
Polski
عربي
Suomi
עִברִית
Português (Brasil)
There's a lack of supply - simple as that. Either Portuguese contractors have forgotten how to build houses (which is ridiculous) or the government has to let free enterprise solve the problem by getting out of the way of new home construction by less regulation and opening up public land for building. This is bad enough but then allowing in significant numbers of migrants adds to the problem. Rents and housing is sky high also here in the US due to incompetent Biden letting in millions of aliens who then got crammed into cities and assumed all formerly available housing. In matters of supply, the government is ALWAYS the cause of the problem.
By Tony from USA on 25 Jun 2025, 20:25
I'm not so sure that the solution to Portugal's housing shortage can be found in partisan political "talking points" exported from the USA. Portugal isn't the US (thank goodness) and they have their own unique challenges as well as unique resources to deal with them. As a person who owns a condo in Portugal, where various members of our family reside for extended periods several times each year, I am pleased to see the value of my investment is holding up- but we bought our place there to use and from which to enjoy one of the most marvelous places on the planet rather than as a real estate speculation.
By Chuck Gould from USA on 28 Jun 2025, 16:44