Portugal records biggest EU rise in house prices in second quarter
Eurostat data shows Portugal recorded the EU's sharpest rise in house prices in Q2 2026 versus a year earlier. In September, national housing costs hit a fresh record high.
House prices are once again on the rise in Portugal, with the country hitting a new all‑time high in September.
According to the Idealista price index, (source in Portuguese) prices recorded a 7.9% increase in September compared with the same month last year. On a monthly basis, compared with August, prices also rose by 0.6% nationwide.
Data from the property sales and rental portal show that buying a home cost 3,228 euros per square metre (euros/m2) last month, based on the median price.
Aveiro (9.3%), Setúbal (9.1%), Porto (9%), Castelo Branco (9%), Ponta Delgada (7.1%), Funchal (5.3%) and Lisbon (4.4%) were the areas where prices rose the least.
Lisbon remains the country’s most expensive city in which to buy a home. The Portuguese capital has a median price of 6,256 euros/m2. The wider Lisbon region is also the priciest area to purchase housing, with a median price of 4,501 euros/m2.
According to the latest Eurostat figures (source in Portuguese) , the country recorded the biggest increase in the European Union in the second quarter of 2026 compared with the same period a year earlier.
"The largest increase was recorded in Portugal (+16.5%), followed by Bulgaria (+15.5%) and Lithuania (+14.3%)" , the statement says, adding that Finland (-2.7%), Luxembourg (-2.2%) and France (-0.8%) were the only countries where prices fell.
Overall, in the second quarter of 2026, housing prices rose by 4.0% in the euro area and 4.7% in the EU , compared with the same quarter of the previous year.
Compared with the first quarter of 2026, house prices increased by 1.1% in the euro area and 1.2% in the EU during the second quarter of 2026.
