Portugal records biggest property price rise in EU

Year-on-year house prices rose by 5.4% in the euro area and 5.7% in the European Union (EU) in the first quarter, with Portugal recording the largest increase (16.3%) among Member States, according to Eurostat.

By TPN/Lusa, in News, Portugal, Property, Europe · 04 Jul 2025, 15:02 · 2 Comments

Compared to the fourth quarter of 2024, house prices rose by 1.3% in the euro area and 1.4% in the EU between January and March, with Portugal recording the second largest increase (4.8%).

Among the Member States for which data are available, one showed an annual decrease in house prices in the first quarter of 2025 and 25 showed an annual increase.

The decline was recorded in Finland (-1.9%), while the largest increases were observed in Portugal (16.3%), Bulgaria (15.1%) and Croatia (13.1%).

Compared to the fourth quarter of 2024, prices decreased in four Member States and increased in 22 Member States.

The largest decreases were observed in Slovenia (-2.0%), Luxembourg (-1.2%) and Finland (-1.0%), while the largest increases were seen in Hungary (5.2%), Portugal (4.8%) and Croatia (4.5%).

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Comments

This is nothing to celebrate,it is in fact a major warning sign.

The Portuguese government has allowed the insane overdevelopment of short tem rental properties.
The vast majority of which are owned by absent landlords.That means they don't care one iota about the neighbourhood,just how much cash they can extort from tourists.

Portugal has plenty of homes,but they give ridiculous tax breaks to short-term rental properties

So we have a massive housing bubble,a massive oversupply of short term rental properties and the whole country has been turned into de facto hotel bedrooms.

This is a disaster waiting to happen.

Cities, towns,villages have been gutted of communities. Instead we are left with soulless neighbourhoods interrupted by the screaming wheels of tourists suitcase being dragged alone the roads.

I can tell you that is much closer to hell than paradise.

By James from Algarve on 05 Jul 2025, 08:33

James is right here, this is a car crash in the making which will leave Lisbon and other cities wounded and licking their wounds soon.
At one point all the housing stock will be dumped and one will see un- or mal maintained apartments flocking the market and turned into homes for the homeless or immigrants without a proper plan behind it, wrecking the neighbourhoods at the same time provided the government steps in and start demanding off loading some housing stock being picked up for affordable housing.
In the end no one wins.

By Jacques De la Haye from Other on 06 Jul 2025, 12:59