Real estate prices more than doubled in Portugal

Valerie Charoux
Oct 3, 2024
1 min read

Updated: May 4

What are the trends for real estate prices & rents in the EU?

Portugal news - Real estate prices have more than doubled in Portugal, according to Eurostat. What are the trends in real estate prices and rents in the EU?

The above chart shows the long-term trends of house prices and rents in the EU since 2010. From 2010 to the second quarter of 2024, rents rose by 24.8% and house (real estate) prices in the EU rose by 51.8%.

While rent prices in the EU have risen steadily, property prices have followed a more variable pattern, combining periods of decline followed by rapid rise.

Here are the trends for real estate (property) prices in the EU between 2010-2024:

· Real estate prices more than tripled in Estonia (+232%) and Hungary (+218%),

· Real estate prices have more than doubled in Lithuania (+178%), Latvia (+146%), Czech Republic (+131%), Austria (+111%), Portugal (+106%), Luxembourg (+103%) and Bulgaria (+102%).

· Property prices have not changed in Cyprus

· Real estate prices decreased in Italy (-5%).

Here are trends for rent prices in the EU between 2010-2024:

· Rent prices increased in 26 EU countries, with the largest increases being in Estonia (+203%), Lithuania (+178%), Ireland (+106%) and Hungary (+104%).

· The only decrease in rent prices in the EU was recorded in Greece (-18%).

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