Portugal house price increases fourth highest in the EU
Portugal saw the fourth largest increase in house prices in the European Union (10.1%) in the second quarter of 2019.
The increase was more than double the EU average (4.2%) according to the EU’s statistical unit Eurostat.
In the second quarter of the year, average house prices increased 4.2% in the Eurozone and EU compared to the same period in 2018 and were, respectively 1.7% and 1.6%.
The greatest like-for-like increases were seen in Hungary (14%), Luxembourg (11.4%), Croatia (10.4%) and in Portugal (10.1%) while house prices fell in Italy by 0.2%.
Compared to the first quarter of the year, between April and June, house prices rose in all Member-States, particularly in Lithuania (5.6%), Luxembourg (5.1%) and Cyprus (4.2%).
In Portugal, house prices increased 3.2% from the first to second quarter of the year.