House Prices Rise in the EU: Portugal Records the Second-Highest Increase
Housing prices increased by 1.4% in the Eurozone and 3% across the European Union (EU) between July and September, according to data from Eurostat.
Annual Overview
In the third quarter of 2024, housing prices rose by 2.6% in the Eurozone and 3.8% in the EU, with Portugal registering the second-largest quarterly increase at 3.7%, as reported by Eurostat.
Quarterly Comparison
Compared to the previous quarter, house prices rose by 1.4% in the Eurozone and 3.0% in the EU between July and September.
Year-on-Year Comparison
When compared to the same quarter in 2023, the largest annual increases in housing prices were observed in Bulgaria (16.5%), Poland (14.4%), and Hungary (13.4%).
Conversely, four EU Member States experienced declines in annual housing price variation: France (-3.5%), Finland (-2.8%), Luxembourg (-1.7%), and Germany (-0.7%).
In Portugal, housing prices increased by 9.9% year-on-year, according to Eurostat.
Quarterly Highlights
The highest quarterly increases in housing prices were recorded in Bulgaria (3.9%), Portugal (3.7%), and the Netherlands (3.6%). Only two Member States reported a decline in the Housing Price Index: Finland (-0.6%) and Estonia (-0.5%).
IN: idealista.pt
