Since the end of 2022, house prices in mainland Portugal had not risen at such a rapid pace as in June, when the year-on-year rate of change reached 17.7%. This reflects the acceleration in monthly price increases seen throughout the year, which resulted in a year-on-year increase of 11.0% at the end of 2024 to current levels.
In June, the monthly price increase was 1.8%, returning the chain index of 2025 to around 2.0%. It should be noted that May was an exception to this level of appreciation, registering a residual monthly variation of 0.2%, but this turned out to be an isolated moment. In quarterly terms, prices rose 3.4% in the second quarter.
According to projections based on data from the SIR-Residential Information System database, Confidencial Imobiliário estimates a volume of 40,450 housing transactions in mainland Portugal in the second quarter of this year, in line with the patterns of recent quarters. The average sale price of housing in this period reached €2,778/m2, standing at €3,771/m2 for new homes and €2,559/m2 for used homes.
Image credits: © Set.Sj | Unsplash
Translated with DeepL.com (free version)
