Portugal’s real estate market continues to thrive
National Palace of Pena, Sintra
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February might be one of the most underrated months to travel to Portugal and start looking for your new home or investment in the sun. Between the warm temperatures (for Europe), a quieter atmosphere and great deals on flights and accommodation, this can be one of the best times to visit.
But there may be a bigger reason to start your property search now. Recent data from ‘Eurostat’ (the European Statistics Office), shows house prices in Portugal rose by 3.7% in the third quarter of 2024 compared to the previous quarter.
This ranks as the second-largest increase among EU nations, just behind Bulgaria's 3.9% rise.
Over the last 12 months, Portugal's housing prices have surged by an impressive 9.8%, a notable acceleration from the year-on-year growth rates of 7.8% and 7% reported in the two preceding quarters.
Since 2010, Portugal's property values have more than doubled, with a remarkable 113% increase. This growth stems from a historically low starting point relative to other established European markets like France, Spain, Germany, and the UK.
Portugal’s real estate market continues to thrive, showing some of the highest value increases and capital growth rates in the European Union over the past year.
Data specialists ‘Statista’ project that Portugal’s residential real estate market will grow by 5.51% between 2025 and 2029, reaching an estimated market volume of $1.76 trillion by the end of the period.
Buy now has never seemed so appropriate! For help with your property search, contact our knowledgeable and professional team of multi-lingual Property Advisors. Email hello@PortugalProperty.com or call us on +351 308 800 878 or 0800 014 8201 free from the UK.
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Published in: Business / Guide to Portugal / Miscellaneous / Portugal Property