Recent data from Eurostat‘s House Price Index (HPI) reveals a complex picture across the European Union, with Portugal standing out for its positive performance.
In the first quarter of 2024, while the euro area experienced a 0.4% decline in house prices compared to the same quarter in 2023, the broader European Union saw a 1.3% increase. Against this backdrop, Portugal’s housing market demonstrated remarkable strength.
Portugal was among the minority of EU member states recording an annual increase in house prices. This growth is particularly significant when contrasted with some of…