Rate of house price increases slightly down on 1Q, 2025

Portugal’s  house price index grew by 17.8% in the first quarter of this year compared to the same period last year, a slight slowdown compared to the 18.9% observed in the last three months of last year, revealed the National Statistics Institute (INE) on Tuesday.

Prices increased more sharply in existing homes, with a rise of 19.2%, than in new homes, where the increase was 12.6%.

The number of transactions stood at 37,745, a year-on-year decrease of 8.7%, indicates the INE. This was the second consecutive quarter of decline in the number of property sales.

In existing homes, which represent 80% of the total number of properties transacted, the drop in the number of transactions was 8%, while in new homes there was a reduction of 11.6%.

Transactions totalled €9.9Bn in the first three months of this year, an increase of 3.2% compared to the first quarter of 2025, despite the reduction in the number of operations.

Source: INE.