House prices in Portugal increased by 17.6% last year8.5 percentage points more than in 2024, revealed this Monday, March 23, the National Statistics Institute (INE). And in the last quarter of 2025 (between October and December) it reached growth of almost 19%specifically, 18.9%, 1.2 percentage points more than the previous quarter.
These are exponential increases, which show that the measures launched by recent governments to stop this escalation are not having any effect.
Last year, 169,812 homes were soldan increase of 8.6% compared to 2024. These transactions generated a turnover of 41.2 billion eurosplus 21.7%. According to INE, the driving force behind this growth was existing houses.
Used housing transactions increased by 9.5% in number and 25% in value. In new homes, there was a 5.3% increase in the number of acquisitions and a 13% increase in value.
In the last quarter of 2025, this trend became more acute. Existing home prices rose 20.9% and new homes rose 13.7%.
The 2025 financial year was marked by a drop in foreign investment in real estate. In total for the year, 8,471 homes were purchased by buyers with tax domicile outside the national territory, for a total of 3.4 billion euros. INE states that this data means a reduction of 13.3% in the number of transactions and 2.1% in value, compared to 2024.
(updating)
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