The country registered the second-highest increase in house prices across the European Union between 2015 and 2025.

Sales value increased

According to recent Eurostat data, sales values in the country skyrocketed by 180% over a 10-year period, meaning the cost of housing almost tripled. This meteoric growth places the national market at a level of appreciation surpassed only by Hungary, where prices more than tripled (+290%), and ahead of other rapidly rising markets such as Lithuania (+168%) and Bulgaria (+157%).

Inflationary pressure

The Portuguese phenomenon occurs within a context of inflationary pressure in the sector at the continental level, but with a much higher intensity than the European average.

While the average accumulated increase in the European Union was 64.9% over the last decade, Portugal registered a trajectory almost three times as fast. In the last quarter of 2025, the upward trend remained strong, with prices growing by 5.5% in the EU, slightly exceeding the 3.2% increase recorded in the rental market.

Perception of real estate

This reinforces the perception of real estate as a safe haven and investment asset, despite the accessibility challenges for families.

This price surge has sparked intense debate over balancing foreign investment, which has driven demand, and the right to housing for locals. While the 180% appreciation shows the sector's strength in Portugal, criticism centres on the widening gap between real estate costs and average incomes.

Need to expand the supply

Despite global instability, the resilient market underlines an urgent need to expand housing supply. Persistent high valuations make it increasingly hard for young people and the middle class to settle in large urban centres.