Portugal has the 3rd highest increase in house prices in Q4 2024

BRUSSELS – Housing prices increased by 4.2% in the euro area and 4.9% in the European Union (EU) in the fourth quarter of 2024, with Portugal recording the third highest increase (11.6%) compared to the same period last year, Eurostat reports today.
Compared to the third quarter of 2024, according to the European statistical service, housing prices advanced by 0.6% in the euro area and 0.8% in the EU, between October and December, with Portugal again presenting the third highest (3.0%).
Among the member states for which data is available, two recorded a year-on-year decrease in housing prices in the fourth quarter of 2024 and 24 recorded an annual increase.
The year-on-year decreases were recorded in France and Finland (both -1.9%), while the largest increases were observed in Bulgaria (18.3%), Hungary (13.0%), and Portugal (11.6%).
Compared to the previous quarter, prices decreased in six member states, remained stable in two (Malta and Finland), and increased in eighteen member states.
The largest decreases in housing prices were observed in France, Cyprus (both -1.0%), and Estonia (-0.7%), while the main increases were recorded in Slovakia (3.6%), Slovenia (3.1%), and Portugal (3.0%). (08/04/25)