House prices in Portugal increased by 17.6% in 2025, new data from INE has revealed.
The price of existing dwellings surged 18.9%, outpacing new dwellings, which increased 14.2%, according to the statistics body’s House Price Index (HPI).
‘In the last quarter of 2025, the year-on-year rate of change of the HPI was 18.9%, 1.2 percentage points more than the previous quarter,’ it noted. ‘During this period, existing dwelling prices increased at a faster pace than new dwellings, 20.9% and 13.7% respectively.’
Full-year sales
A total of 169,812 dwellings were sold during 2025, a rise of 8.6% from 2024, generating €41.2 billion in transactions, up 21.7% year-on-year, INE, Portugal’s national statistics body, noted.
Existing dwellings saw 9.5% more transactions and a 25% increase in total value, while new dwellings recorded a 5.3% increase in sales and 13% higher transaction value.
In the final quarter of 2025, 43,084 homes were sold, reflecting a 4.7% year-on-year decline but a modest 1.4% increase from the previous quarter. The quarter’s sales amounted to €10.8 billion, a 5.9% rise over the same period in 2024.
Household purchases accounted for 148,632 dwellings worth €35.7 billion, a 10.5% increase in volume compared with 2024.
Meanwhile, buyers residing outside Portugal acquired 8,471 homes for a transaction value of €3.4 billion, down 13.3% in volume terms and 2.1% in value. Read more here.
