Portugal ranks4th in terms of largest increase in housing prices.

Housing prices in the eurozone fell by 1.7% in the second quarter, while in the European Union (EU) they decreased by 1.1% compared to the same period last year, with Portugal recording the fourth largest increase (8.7%).

According to the European Statistical Office, compared to the first quarter of the year, housing prices increased on average by 0.1% across 20 eurozone countries and by 0.3% across 27 EU member states. In the EU, nine member countries recorded a decrease in the indicator compared to the same period last year, while 17 countries experienced growth, with data for Greece being unavailable.

The most significant declines were recorded in Germany (-9.9%), Denmark (-7.6%), and Sweden (-6.8%), while the most notable increases were observed in Croatia (13.7%), Bulgaria (10.7%), Lithuania (9.4%), and Portugal (8.7%).

Compared to the first quarter of the year, housing prices decreased in 11 member countries and increased in 15.

In Portugal, the rate increased by 3.1% between the first and second quarters of the year.