Portugal records biggest rise in house prices in the EU in Q1

Year-on-year house prices rose by 5.4% in the euro area and 5.7% in the European Union (EU) in the first quarter, with Portugal recording the largest increase (16.3%) among the Member States.

Compared to the fourth quarter of 2024, house prices increased by 1.3% in the euro area and 1.4% in the EU between January and March, with Portugal recording the second largest increase (4.8%).

Among the Member States for which data are available, one showed an annual decrease in house prices in the first quarter of 2025 and 25 showed an annual increase.

The decline was recorded in Finland (-1.9%), while the largest increases were observed in Portugal (16.3%), Bulgaria (15.1%) and Croatia (13.1%).

Compared to the fourth quarter of 2024, prices decreased in four Member States and increased in 22 Member States.

The largest decreases were observed in Slovenia (-2.0%), Luxembourg (-1.2%) and Finland (-1.0%), while the largest increases occurred in Hungary (5.2%), Portugal (4.8%) and Croatia (4.5%).

Photo: Bruno Filipe Pires