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House price growth in Portugal

Are homes there getting further out of reach right now?

Portugal's house price growth is 15.20 % — #53 of 54 countries on the atlas (lower is better). Period 2026-Q1.

15.20%

Checked 21 Sept 2026Period 2026-Q1

Source: BIS residential property prices

Real house prices in Portugal rose 15.2 % over the past year — beyond general inflation.

House price growth in Portugal over time

16.28 %2.53 %-11.22 %16.28 % · Q4 2025-11.22 % · Q1 2012Q2 2006: -0.82 %Q3 2006: -2.16 %Q4 2006: -1.60 %Q1 2007: -0.99 %Q2 2007: -2.05 %Q3 2007: -1.02 %Q4 2007: -3.46 %Q1 2008: -7.81 %Q2 2008: -7.17 %Q3 2008: -10.54 %Q4 2008: -9.09 %Q1 2009: -3.30 %Q2 2009: -1.61 %Q3 2009: 1.69 %Q4 2009: 3.01 %Q1 2010: 1.67 %Q2 2010: 0.42 %Q3 2010: -1.35 %Q4 2010: -3.17 %Q1 2011: -5.65 %Q2 2011: -8.05 %Q3 2011: -8.37 %Q4 2011: -10.96 %Q1 2012: -11.22 %Q2 2012: -10.79 %Q3 2012: -10.28 %Q4 2012: -5.89 %Q1 2013: -4.72 %Q2 2013: -3.14 %Q3 2013: -1.35 %Q4 2013: 0.71 %Q1 2014: 4.16 %Q2 2014: 6.28 %Q3 2014: 5.49 %Q4 2014: 2.31 %Q1 2015: 0.89 %Q2 2015: 2.21 %Q3 2015: 2.66 %Q4 2015: 4.42 %Q1 2016: 6.36 %Q2 2016: 5.82 %Q3 2016: 6.90 %Q4 2016: 6.76 %Q1 2017: 6.43 %Q2 2017: 6.51 %Q3 2017: 9.18 %Q4 2017: 8.87 %Q1 2018: 11.36 %Q2 2018: 10.15 %Q3 2018: 6.98 %Q4 2018: 8.43 %Q1 2019: 8.41 %Q2 2019: 8.89 %Q3 2019: 10.93 %Q4 2019: 10.09 %Q1 2020: 10.13 %Q2 2020: 10.02 %Q3 2020: 6.93 %Q4 2020: 8.14 %Q1 2021: 6.17 %Q2 2021: 7.01 %Q3 2021: 9.87 %Q4 2021: 9.00 %Q1 2022: 8.31 %Q2 2022: 4.80 %Q3 2022: 3.72 %Q4 2022: 1.32 %Q1 2023: 0.65 %Q2 2023: 4.19 %Q3 2023: 3.98 %Q4 2023: 6.04 %Q1 2024: 4.68 %Q2 2024: 4.99 %Q3 2024: 7.47 %Q4 2024: 8.74 %Q1 2025: 13.72 %Q2 2025: 14.67 %Q3 2025: 14.70 %Q4 2025: 16.28 %Q1 2026: 15.20 %Q2 2006Q1 2016Q1 202615.20 %
80 official observations, Q2 2006 → Q1 2026. Every point is a published value — never interpolated.
Rank
#53 of 54
lower is better
Ranked behind
2 %
1 of 54 countries
Latest move
▼ 1.08 pp
since Q4 2025
Year on year
▲ 1.48 pp
over 12 months
Below its peak
1.08 pp
peak 16.28 % in Q4 2025
Full series
▲ 16.02 pp
since Q2 2006

In Europe: #30 of 31vs median 2.49 %: +12.71 pp (worse)

Among 54 countries

2 of 54 countries between -6.81 % and -6.11 %1 of 54 countries between -4.01 % and -3.31 %4 of 54 countries between -3.31 % and -2.62 %3 of 54 countries between -2.62 % and -1.92 %2 of 54 countries between -1.92 % and -1.22 %2 of 54 countries between -1.22 % and -0.52 %3 of 54 countries between -0.52 % and 0.18 %5 of 54 countries between 0.18 % and 0.88 %3 of 54 countries between 1.58 % and 2.28 %5 of 54 countries between 2.28 % and 2.97 %2 of 54 countries between 2.97 % and 3.67 %3 of 54 countries between 3.67 % and 4.37 %2 of 54 countries between 4.37 % and 5.07 %2 of 54 countries between 5.07 % and 5.77 %1 of 54 countries between 5.77 % and 6.47 %3 of 54 countries between 6.47 % and 7.17 %4 of 54 countries between 7.17 % and 7.86 %2 of 54 countries between 7.86 % and 8.56 %5 of 54 countries between 9.26 % and 9.96 %median 2.40 %Portugal: ahead of 2 % of the 54 countries with a published house price growthPortugal 15.20 % →-6.81 %9.96 %
Half of all 54 countries sit between -0.52 % and 6.20 %. Portugal is ahead of 2 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryHouse price growthvs Portugal
50 Slovakia9.32 %−5.87 pp
51 Spain9.87 %−5.33 pp
52 Croatia9.96 %−5.23 pp
53 Portugal15.20 %—
54 Hungary16.98 %+1.78 pp

Real year-on-year change in residential property prices (BIS). Framed for buyers — slower growth is greener; homeowners may read it the other way.

How to read this figure

Real year-on-year change in residential property prices from the BIS — inflation-adjusted, so it shows whether homes beat or trailed prices in general. Base-independent, which is what makes ~60 countries honestly comparable in one ranking. The colour scale takes the buyer’s side (slower growth = greener); an existing owner may read it the opposite way.

Next, about Portugal

House price growth since 2015Mortgage rates
House price growth, all countries ranked →Compare Portugal with another country →Everything about Portugal →
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